02-06-2022
Should public companies be allowed to assist the Chinese Communist Party?
Senator Marco Rubio proposed an amendment to the Foreign Corruption Prevention Act (FCPA) on Thursday Feb. 3, with the goal of stopping big American businesses from colluding with Chinese Communist Party (CCP).
He wrote: 'It is well past time for our laws to counter corrupt business practices that entangle U.S. corporations with the Chinese government.' Senator Rubio is addressing an important issue that has been long ignored by many. It deserves to be looked at by the both the government and business community.
Chinese companies that have their shares listed on a stock exchage in the U.S., like China's leading search enhine Baidu (bidu), should also be held to the same standard. Such Chinese companies benefit from using American investors' funds in conducting their business in and outside of China. They enthusiastically obey, support and executie censorship orders from the CCP, blocking any objective news reports which are considered not favorable or helpful to the CCP.
By blocking international news, removing facts and hiding truths, they collude with the CCP in deceiving the Chinese people, making things hard or creating obstacles for local businesses and international companies that conduct business in China.
The CCP forces any company in China that has more than 50 employees to set up a party branch. Major international companies with 1000 local employees will be required to set up multiple CCP party branches among employees. These party branches meet regularly and recruit new members. Baidu is a large technology company and it is believed to have multiple CCP branches stationed inside the company.
In order to execute CCP orders of censorship or silence expressions of dissent by any celebrities, scholars, officials or any regular users of social media, the CCP censors would go first to Baidu to search for such expressions using 'harmful words' as keywords.
Only articles, videos or blogs that are approved by or pass the censorship of the CCP are allowed to be searchable on Baidu. Baidu has become a technology tool used by the CCP to monitor its people and businesses that operate in China.
The CCP, like Xi Jin Ping, are run by paranoid people who are alarmed by any words, expressions or images that are suspected of mocking, disapproving or criticizing the oppressive Communist rule.
In June 2021, before the CCP's celebration of its 100 anniversary, Beijing Market Supervisory Bureau instructed bureaus in local cities to use Baidu and other search engines to search for, find and gather evidence of 'violations' found on any company's official web site. Once a web site is found using any words that were considered forbidden, an unusually large financial penalty is issued to the company.
An international bedding product company was fined over $120,000. A multi-national conglomerate making industrial adhesive products was fined close to a million US dollars. A Chinese social media company whose shares are listed in Hong Kong has faced 44 fines totaling 14.3 million yuan ($2.24 million) in the period from January to November 2021.
By using money from Amercan and international investors on a U.S. stock exchange while colluding with the CCP in deceiving the Chinese people, these large public Chinese technology companies should be held accountable for the harm they have caused.
They must not be allowed to spread CCP's deceptions and falsehood, they must not be allowed to create blind believers in the CCP. If left unchecked, these large Chinese companies with access to international investors' funds, will only cause more harm over the long run.
He wrote: 'It is well past time for our laws to counter corrupt business practices that entangle U.S. corporations with the Chinese government.' Senator Rubio is addressing an important issue that has been long ignored by many. It deserves to be looked at by the both the government and business community.
Chinese companies that have their shares listed on a stock exchage in the U.S., like China's leading search enhine Baidu (bidu), should also be held to the same standard. Such Chinese companies benefit from using American investors' funds in conducting their business in and outside of China. They enthusiastically obey, support and executie censorship orders from the CCP, blocking any objective news reports which are considered not favorable or helpful to the CCP.
By blocking international news, removing facts and hiding truths, they collude with the CCP in deceiving the Chinese people, making things hard or creating obstacles for local businesses and international companies that conduct business in China.
The CCP forces any company in China that has more than 50 employees to set up a party branch. Major international companies with 1000 local employees will be required to set up multiple CCP party branches among employees. These party branches meet regularly and recruit new members. Baidu is a large technology company and it is believed to have multiple CCP branches stationed inside the company.
In order to execute CCP orders of censorship or silence expressions of dissent by any celebrities, scholars, officials or any regular users of social media, the CCP censors would go first to Baidu to search for such expressions using 'harmful words' as keywords.
Only articles, videos or blogs that are approved by or pass the censorship of the CCP are allowed to be searchable on Baidu. Baidu has become a technology tool used by the CCP to monitor its people and businesses that operate in China.
The CCP, like Xi Jin Ping, are run by paranoid people who are alarmed by any words, expressions or images that are suspected of mocking, disapproving or criticizing the oppressive Communist rule.
In June 2021, before the CCP's celebration of its 100 anniversary, Beijing Market Supervisory Bureau instructed bureaus in local cities to use Baidu and other search engines to search for, find and gather evidence of 'violations' found on any company's official web site. Once a web site is found using any words that were considered forbidden, an unusually large financial penalty is issued to the company.
An international bedding product company was fined over $120,000. A multi-national conglomerate making industrial adhesive products was fined close to a million US dollars. A Chinese social media company whose shares are listed in Hong Kong has faced 44 fines totaling 14.3 million yuan ($2.24 million) in the period from January to November 2021.
By using money from Amercan and international investors on a U.S. stock exchange while colluding with the CCP in deceiving the Chinese people, these large public Chinese technology companies should be held accountable for the harm they have caused.
They must not be allowed to spread CCP's deceptions and falsehood, they must not be allowed to create blind believers in the CCP. If left unchecked, these large Chinese companies with access to international investors' funds, will only cause more harm over the long run.
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