Tag: foreign investments

Senate Passes $280 Billion Industrial Policy Bill Meant to Counter China

Tina Marie (Ms. Cat)

Senate Passes $280 Billion Industrial Policy Bill Meant to Counter China

The CHIPS and Science Act of 2022 passed in a vote of 63-33, with 17 Republicans voting in favor. The over 1,000-page legislation includes $52.7 billion for direct funding for the construction and expansion of semiconductor manufacturing and $24 billion for tax incentives and other purposes.

The bill will authorize roughly $200 billion in science and technology research funding that will be spread across several government agencies over the next five years. The largest recipient of the research funds will be the National Science Foundation, which will receive $81 billion.

Related:

CHIPS Won’t Help China

Third, the CHIPS Act actually has provisions designed specifically to restrict investments in China. These so-called “guardrails” require that companies taking federal dollars for American projects must also agree not to invest in state-of-the-art technology in China—not just with the federal dollars, with any dollars. Good-faith critics have raised fair concerns that these guardrails should be broader, tougher, and firmer. But any guardrails at all represent unprecedented restrictions on what U.S. companies can do in the People’s Republic. It’s one thing to say an ideal bill would hurt China even more; it’s quite another to try and claim that less-than-perfect restrictions count as “help.”

Pelosi’s Husband Dumped Up to $5M of Tech Stock Right Before Senate Passed CHIPS

On this day, 24 July 2009, 3,000 steel workers in Tonghua, China rioted and beat an executive to death when threatened with privatization and job losses.

Tina Marie (Ms. Cat)1 Comment

Jianlong Steel Holding Company official Chen Guojun, who earned over 3 million yuan the previous year, planned to take over the majority state-owned Tonghua Iron and Steel Group. He announced plans to cut the number of workers from 30,000 down to around 5,000, with those made redundant receiving around 200 yuan in compensation. The firm was still profitable, but the planned restructuring was aimed at increasing profits further amidst a global economic downturn.

Outraged, the workers shut down production and rioted, beating Chen, blocking roads and smashing police cars to prevent police and ambulances from reaching him.

The sale was subsequently scrapped.

On this day, 24 July 2009, 3,000 steel workers in Tonghua, China rioted and beat an executive to death when threatened with privatisation and job losses.

More:

China, rising wages and worker militancy

Amboys’ Anti-China Smears Exposed

Tina Marie (Ms. Cat)

By Herman Tiu Laurel

On July 17, 2022 the Philippine Daily Inquirer headlined a complete and total lie about China’s loan assistance to the Philippines, blaring loudly and shamelessly “’Debt trap avoided’; Marcos pushed to review China loans.” How Philippine mainstream media is allowed to publish such outright misinformation and disinformation is truly disgusting.

Amboys’ Anti-China Smears Exposed

Related:

The myth of PH bankruptcy and ‘Chinese debt slavery’

“Partnership in Blue Pacific” to Turn Pacific Islands into Anti-China War Zone

Tina Marie (Ms. Cat)

Jun 30, 2022 The US has announced yet another anti-China alliance. This one is called, “Partners in Blue Pacific,” and either includes or soon will include both the UK and France as well as Australia, New Zealand, and Japan.

This is about countering China – but if China is attempting to trade, develop, and raise the entire region with its own rise upon the global stage – it means the US and its allies are attempting to counter development and progress for these Pacific island nations.

Many of these nations are approaching China in the first place specifically because of the impoverished, destabilized state they’ve been left in by the US and its allies.

“Partnership in Blue Pacific” to Turn Pacific Islands into Anti-China War Zone (Odysee) via The New Atlas

References:

US and allies launch initiative to help Pacific Island nations

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Pfizer reportedly sponsored Miami yacht party for failed Colombian presidential contender Rodolfo Hernández

Tina Marie (Ms. Cat)

This article was originally published by Orinoco Tribune, June 18, 2022.

Editor’s note: Rodolfo Hernández, lauded in US mainstream media as an “anti-corruption” crusader, was defeated by left-wing politician Gustavo Petro in his bid for the presidency on June 19, 2022. Under the presidency of Ivan Duque, Colombia overpaid by as much as $375 million for Pfizer’s Covid-19 vaccine. According to secret contracts with Pfizer that were later leaked, Colombia was compelled by Pfizer to forfeit “immunity against precautionary seizure of any of [their state] assets.” A peer-reviewed May 2022 study by Jama Network Open found that “immunity against the omicron coronavirus variant fades rapidly after a second and third dose of Pfizer and BioNTech’s Covid-19 vaccine.”

Pfizer reportedly sponsored Miami yacht party for failed Colombian presidential contender Rodolfo Hernández