#OpinionArticle #TheAuthor
The relationship between XPCC and Hong Kong
(1 Aug) Following four communist officials including Chen Quanguo, the U.S. Treasury Department once again imposes sanctions on the grounds of human rights in Xinjiang. This sanction is a big matter because the U.S. sanctions the Xinjiang Production and Construction Corps (XPCC). The impacted industries are so wide that it grants a 60-day grace period for American companies to find alternative suppliers. In addition, the commander Peng Jiarui and the predecessor Sun Jinlong are both sanctioned.
//XPCC is... a body consisted of the Party, the government, the military and a business... has an independent militarized management and judicial system, and is composed entirely of Han Chinese... regarded as the third special administrative region of China outside of Hong Kong and Macau.
//XPCC came to Hong Kong to attract investment in 2013... 25 Hong Kong companies had invested USD 420 million in XPCC
//Last year, Prince signed a cooperation agreement with XPCC in Beijing and invested 4 million yuan to help build a training center in Xinjiang that can accommodate 8,000 people.
//The Hong Kong headquarters manages the finance, the Beijing and Shanghai offices manages the business, and opened a base in Xinjiang in 2018.
//To this type of company, Hong Kong has lost its status as a financial base for it after the United States ending Hong Kong’s special trading status. This type of company is on the watchlist and next to be sanctioned.
Full Translation:
https://telegra.ph/The-relationship-between-XPCC-and-Hong-Kong-08-15
Source: Author’s Facebook
Translated by: Hong Kong Echo
#XPCC #Xinjiang #Crops #Frontier #Blackwater #Uighurs #PengJiarui #SunJinlong #Sanction
The relationship between XPCC and Hong Kong
(1 Aug) Following four communist officials including Chen Quanguo, the U.S. Treasury Department once again imposes sanctions on the grounds of human rights in Xinjiang. This sanction is a big matter because the U.S. sanctions the Xinjiang Production and Construction Corps (XPCC). The impacted industries are so wide that it grants a 60-day grace period for American companies to find alternative suppliers. In addition, the commander Peng Jiarui and the predecessor Sun Jinlong are both sanctioned.
//XPCC is... a body consisted of the Party, the government, the military and a business... has an independent militarized management and judicial system, and is composed entirely of Han Chinese... regarded as the third special administrative region of China outside of Hong Kong and Macau.
//XPCC came to Hong Kong to attract investment in 2013... 25 Hong Kong companies had invested USD 420 million in XPCC
//Last year, Prince signed a cooperation agreement with XPCC in Beijing and invested 4 million yuan to help build a training center in Xinjiang that can accommodate 8,000 people.
//The Hong Kong headquarters manages the finance, the Beijing and Shanghai offices manages the business, and opened a base in Xinjiang in 2018.
//To this type of company, Hong Kong has lost its status as a financial base for it after the United States ending Hong Kong’s special trading status. This type of company is on the watchlist and next to be sanctioned.
Full Translation:
https://telegra.ph/The-relationship-between-XPCC-and-Hong-Kong-08-15
Source: Author’s Facebook
Translated by: Hong Kong Echo
#XPCC #Xinjiang #Crops #Frontier #Blackwater #Uighurs #PengJiarui #SunJinlong #Sanction
Telegraph
The relationship between XPCC and Hong Kong
#OpinionArticle #TheAuthor (1 Aug) Following four communist officials including Chen Quanguo, the U.S. Treasury Department once again imposes sanctions on the grounds of human rights in Xinjiang. This sanction is a big matter because the U.S. sanctions the…