Corporate China is Bushworld
More than was true of the Soviet Union, China's collusion with U.S. capitalism is overt. PRESCOTT BUSH JR. is the acknowledged "Rainmaker" of China. Our rapatious capitalists love dictatorships, love oppressed, desperate labor, love U.S. loan guarantees.
CHINA & THE BUSH FAMILY: MIDDLE KINGDOM RAINMAKERS
MAY 11, 2015
The Bush family: Middle Kingdom rainmakers
By Zach Coleman
… Prescott Bush Jr:
… Now 81, Prescott Bush still travels to China two to four times a year…
Prescott Bush Resources, his consulting company, has put together more than 30 joint ventures in China since 1978, according to the website of Global Access, a US consulting company active in China, which retains Prescott as chairman of its advisory board. “Mr [Prescott] Bush has also facilitated meetings and approvals at the highest levels of the Chinese government,” the site adds in its biography…
Prescott capitalized explicitly on the family tie-in by forming the US-China Chamber of Commerce in 1993 after serving on its predecessor, the Hong Kong-US Business Council, during his brother’s presidency.
“My brother, George, has been instrumental in the development of US and China relations since 1974,” he wrote in his letter to prospective members. The chamber pitches itself as a networking hub, which “provides the business communities in both countries with direct access to leading business people and government officials who are important in their business development efforts”.
Members of the chamber’s “Chairman’s Circle” include US agribusiness giant Archer Daniels Midland (ADM) and Wanxiang America, whose parent company markets products made in China to US customers. ADM and Wanxiang are also among the China clients listed on Prescott’s corporate biographies, which also typically mention Norinco, Anheuser-Busch and China National Cereals, Oils & Foodstuffs Import & Export Corp (Cofco)...
Norinco has operated under a cloud of suspicion in the US for years because of its links to the Chinese military and a case involving the smuggling of thousands of Norinco AK-47 assault rifles into the US in 1996. The Bush Jr administration last month slapped new sanctions on Norinco for its Iranian activities, which involved shipping missile technologies to Iran.
By contrast, as president, Bush Sr granted a “national interest” waiver to allow a deal to proceed for shipping $300 million of Hughes Aircraft satellite equipment to China in December 1989, overriding sanctions imposed by Congress a month before in response to the Tiananmen Square incident – regarded as a massacre of peaceful demonstrators by most observers. Prescott had visited China just before his brother that February and returned weeks after the Tiananmen violence for talks with officials on several deals, including one for a US company pitching a satellite communications network that would utilize the Hughes equipment...