#OpinionArticle
Europeans' lack of understanding of China
(18 May) In the past, when I looked at the data of multinational mergers and acquisitions (M&A), I found that China's M&As could be roughly classified into two types: resource M&As and technology M&As. If it wasn't to acquire natural resources (like minerals or fuel sources), then the main objective of the M&A was to obtain technology (of all types. Since the influence of Made in China 2025*, the M&As in the ten key industries increased.) Of course, there are other purposes like money laundering but that is more difficult to determine based on the data.
Interestingly, despite the US being a major player in technology. Approaching mainly through researchers (Thousand Talents Plan) or technology transfer (via joint venture agreements), the US has long since been warier of China. Most Chinese M&As are with Europe, especially Germany, the manufacturing giant that best meets China's technological needs. It wasn't until 2016, when China acquired the Bavarian+ robotics company, Kuka, that the alarm bells sounded for Germans. By then, it was too late.
Full translation:
https://telegra.ph/Europeans-lack-of-understanding-of-China-05-24
Source: Facebook
https://www.facebook.com/1640627496/posts/10219890809454218/
Further reading:
FBI arrests Arkansas professor on fraud charges over financial ties to China
https://t.me/guardiansofhongkong/20992
#China #Europe #technology #ThousandTalentsPlan #jointventureagreements
Europeans' lack of understanding of China
(18 May) In the past, when I looked at the data of multinational mergers and acquisitions (M&A), I found that China's M&As could be roughly classified into two types: resource M&As and technology M&As. If it wasn't to acquire natural resources (like minerals or fuel sources), then the main objective of the M&A was to obtain technology (of all types. Since the influence of Made in China 2025*, the M&As in the ten key industries increased.) Of course, there are other purposes like money laundering but that is more difficult to determine based on the data.
Interestingly, despite the US being a major player in technology. Approaching mainly through researchers (Thousand Talents Plan) or technology transfer (via joint venture agreements), the US has long since been warier of China. Most Chinese M&As are with Europe, especially Germany, the manufacturing giant that best meets China's technological needs. It wasn't until 2016, when China acquired the Bavarian+ robotics company, Kuka, that the alarm bells sounded for Germans. By then, it was too late.
Full translation:
https://telegra.ph/Europeans-lack-of-understanding-of-China-05-24
Source: Facebook
https://www.facebook.com/1640627496/posts/10219890809454218/
Further reading:
FBI arrests Arkansas professor on fraud charges over financial ties to China
https://t.me/guardiansofhongkong/20992
#China #Europe #technology #ThousandTalentsPlan #jointventureagreements
Telegraph
Europeans' lack of understanding of China
(18 May) In the past, when I looked at the data of multinational mergers and acquisitions (M&A), I found that China's M&As could be roughly classified into two types: resource M&As and technology M&As. If it wasn't to acquire natural resources (like minerals…
NASA Chinese academics accused by U.S. Department of Justice of concealing participation in China’s Thousand Talents Plan and defrauding U.S. research grants
Zhengdong Cheng, a NASA researcher and an engineering professor at Texas A&M University, was taken into custody on Sunday (23/8) and formally charged on Monday (24/8) by the U.S. Department of Justice for allegedly concealing ties to Chinese companies and universities while receiving a federal grant.
The U.S. Department of Justice charged Cheng Zhengdong on conspiracy, making false statements and wire fraud. The indictment alleged that Cheng's research team received a funding of about US$750,000 for NASA's space research, but concealed his relationship with a Chinese university and at least one Chinese-owned company. Also, it alleged that Cheng knowingly provided false information to Texas A&M University and NASA.
The prosecution stated that NASA funding restriction has been in place to forbidding the collaboration or coordination with any Chinese-owned company or any Chinese University.
Assistant Attorney General for National Security John Demers said in a statement, "Once again, we have witnessed the criminal consequences that can arise from undisclosed participation in the Chinese government’s talent program". He further added, "The Department of Justice will continue seeking to bring participation in these talent programs to light and to expose the exploitation of our nation and our prized research institutions".
The U.S. Department of Justice has previously described China’s Thousand Talents Plan as a tool for the Chinese Communist Party to "attract, recruit, and cultivate high-level scientific talent in furtherance of China’s scientific development, economic prosperity and national security." He continued that the Chinese government would "often reward individuals for stealing proprietary information” through the program.
#Aug24
#CCP #DepartmentOfJustice #ThousandTalentsPlan #ZhengdongCheng #NASA #TexasAMUniversity #USResearchGrants #JohnDemers
(Note: the translation also takes summary if the following reports:
https://www.cnbc.com/2020/08/24/texas-am-professor-accused-of-collaborating-with-china-amid-nasa-work.html
https://www.justice.gov/opa/pr/nasa-researcher-arrested-false-statements-and-wire-fraud-relation-china-s-talents-program
https://apnews.com/58b0b752e2ab0b4b3e16e7c9f513e1a6
)
Zhengdong Cheng, a NASA researcher and an engineering professor at Texas A&M University, was taken into custody on Sunday (23/8) and formally charged on Monday (24/8) by the U.S. Department of Justice for allegedly concealing ties to Chinese companies and universities while receiving a federal grant.
The U.S. Department of Justice charged Cheng Zhengdong on conspiracy, making false statements and wire fraud. The indictment alleged that Cheng's research team received a funding of about US$750,000 for NASA's space research, but concealed his relationship with a Chinese university and at least one Chinese-owned company. Also, it alleged that Cheng knowingly provided false information to Texas A&M University and NASA.
The prosecution stated that NASA funding restriction has been in place to forbidding the collaboration or coordination with any Chinese-owned company or any Chinese University.
Assistant Attorney General for National Security John Demers said in a statement, "Once again, we have witnessed the criminal consequences that can arise from undisclosed participation in the Chinese government’s talent program". He further added, "The Department of Justice will continue seeking to bring participation in these talent programs to light and to expose the exploitation of our nation and our prized research institutions".
The U.S. Department of Justice has previously described China’s Thousand Talents Plan as a tool for the Chinese Communist Party to "attract, recruit, and cultivate high-level scientific talent in furtherance of China’s scientific development, economic prosperity and national security." He continued that the Chinese government would "often reward individuals for stealing proprietary information” through the program.
#Aug24
#CCP #DepartmentOfJustice #ThousandTalentsPlan #ZhengdongCheng #NASA #TexasAMUniversity #USResearchGrants #JohnDemers
(Note: the translation also takes summary if the following reports:
https://www.cnbc.com/2020/08/24/texas-am-professor-accused-of-collaborating-with-china-amid-nasa-work.html
https://www.justice.gov/opa/pr/nasa-researcher-arrested-false-statements-and-wire-fraud-relation-china-s-talents-program
https://apnews.com/58b0b752e2ab0b4b3e16e7c9f513e1a6
)
CNBC
Texas A&M professor accused of secretly collaborating with China amid NASA work
According to the criminal complaint, Zhengdong Cheng, 53, a professor in the College of Engineering at Texas A&M and a NASA researcher, obscured his affiliations with the Chinese government.
China's Thousand Talents Plan targets research information from overseas universities
According to Australian Strategic Institute, the Chinese Talents Plan recruits leading Australian scientists for secret researches. Similar situations can be found in Australia and the US, with some receiving AUD$50000/month to work with the Chinese, without coming clean with their home universities.
One of the possible motivation for the Chinese government in doing this is to gather information regarding coronavirus vaccine researches for their own benefit, according to Michael Shoebridge from the Australian Strategic Policy Institution.
#Australia #Vaccine #research
#ThousandTalentsPlan #AustralianStrategicPolicyInstitution
Source: Sky News Australia #Aug24
https://youtu.be/j7eBKIFCteY
According to Australian Strategic Institute, the Chinese Talents Plan recruits leading Australian scientists for secret researches. Similar situations can be found in Australia and the US, with some receiving AUD$50000/month to work with the Chinese, without coming clean with their home universities.
One of the possible motivation for the Chinese government in doing this is to gather information regarding coronavirus vaccine researches for their own benefit, according to Michael Shoebridge from the Australian Strategic Policy Institution.
#Australia #Vaccine #research
#ThousandTalentsPlan #AustralianStrategicPolicyInstitution
Source: Sky News Australia #Aug24
https://youtu.be/j7eBKIFCteY