Magazine article The New American

China's Mystery Man Dumps $18 Billion into New York "Charity"

Magazine article The New American

China's Mystery Man Dumps $18 Billion into New York "Charity"

Article excerpt

The stakes just got much higher in Communist China's (PRC) investment strategy to penetrate and control key areas of the U.S. economy and the U.S. political landscape. This past week, Guan Jun, the largest shareholder in HNA Group Co., the global Chinese conglomerate, reportedly donated $18 billion to a recently formed Hainan Cihang Charity Foundation, Inc. in New York City. That's $18 billion, making the bequest one of the largest ever, and putting Guan Jun, as the New York Times noted on July 26, "in the same league as donors like Bill Gates and Warren E. Buffet and almost matched the combined giving of all American corporations in 2016."

So who is this generous "donor," Guan Jun? That's the question everyone is asking. Like many other news groups and financial analysts, Bloomberg News referred to this magnanimous benefactor as the "HNA Mystery Man." As the Times story noted, "It has not been disclosed how that man, Guan Jun, who is in his 30s, came to own such a large piece of one of China's biggest conglomerates. His registered address in Beijing is a modest apartment at the end of a dingy hallway littered with discarded furniture and bags of trash."

The obvious answer, which the establishment media and investment analysts seem to be taking extraordinary pains to ignore, is that Guan Jun is merely a front man for HNA, just as FINA is a front group for the Chinese government and the Communist Party of China (CPC). Guan Jun assists the fiction that HNA Group is a legitimate business enterprise, and HNA Group assists the fiction that the criminal regime in Beijing operates a legitimate market-oriented economy.

After decades of prospering from trade with Western nations, China is using its global investment strategy to penetrate key sectors of the American economy. HNA Group has played a major role in that strategy, taking on, according to Bloomberg, $73 billion in debt to finance a worldwide buying binge. Some of its most high-profile purchases have been big stakes in Hilton Hotels, Red Lion Hotels, Uber, and Deutsche Bank, the German banking behemoth. Most of this debt comes in the form of loans from China's state banks, which indicates strategic support from the Chinese Communist Party that runs the Beijing regime. The sprawling HNA empire now encompasses hotels, airlines, luggage handling services, prime real estate, high-tech manufacturing, banking and financial services, and much more. …

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