Top US universities massively under-report funding from China and Russia
A recent report from the United States Department of Education (USDE) have brought to light top US universities that have massively under-reported funding they have received from China, Russia and other nations described as “foreign adversaries”. Out of the 12 universities under the investigations, Harvard, Yale, Stanford and Georgetown: all had financial dealings with Huawei, the Chinese tech giant that many US officials believe is a national security threat.
It is a legal requirement within the United States, that universities must disclose gifts or contracts from foreign sources that are US$250,000 (about HK$1.95 million) or above. However, this legislation, which was was established in 1986, has come under little federal oversight over decades. The USDE began investigating the universities, amid suspicion that they had failed to report millions of dollars from foreign sources such as China, Russia, Saudi Arabia and Qatar. A scathing report was released on Tuesday, which further provided relevant information on issue.
The content of the report revealed that most of the universities that were investigated had financial dealings with Huawei, with at least one of them having ties directly linked to the Chinese Community Party. Others had deals with the Russian government and institutions in Saudi Arabia and Qatar. The report did not identify which universities were connected to those entities. Since coming under federal scrutiny, the 12 universities disclosed a combined US$6.5 billion (about HK$50.7 billion) in unreported foreign funding.
#Huawei #NationalSecurity #Education #CCP #UnitedStates #USUniversity
Source: AppleDaily #Oct21
https://hk.appledaily.com/international/20201021/M46PHN6B5BDOVB6BMGDQJ73ZD4/
A recent report from the United States Department of Education (USDE) have brought to light top US universities that have massively under-reported funding they have received from China, Russia and other nations described as “foreign adversaries”. Out of the 12 universities under the investigations, Harvard, Yale, Stanford and Georgetown: all had financial dealings with Huawei, the Chinese tech giant that many US officials believe is a national security threat.
It is a legal requirement within the United States, that universities must disclose gifts or contracts from foreign sources that are US$250,000 (about HK$1.95 million) or above. However, this legislation, which was was established in 1986, has come under little federal oversight over decades. The USDE began investigating the universities, amid suspicion that they had failed to report millions of dollars from foreign sources such as China, Russia, Saudi Arabia and Qatar. A scathing report was released on Tuesday, which further provided relevant information on issue.
The content of the report revealed that most of the universities that were investigated had financial dealings with Huawei, with at least one of them having ties directly linked to the Chinese Community Party. Others had deals with the Russian government and institutions in Saudi Arabia and Qatar. The report did not identify which universities were connected to those entities. Since coming under federal scrutiny, the 12 universities disclosed a combined US$6.5 billion (about HK$50.7 billion) in unreported foreign funding.
#Huawei #NationalSecurity #Education #CCP #UnitedStates #USUniversity
Source: AppleDaily #Oct21
https://hk.appledaily.com/international/20201021/M46PHN6B5BDOVB6BMGDQJ73ZD4/