UPenn Can’t Explain Mystery Donation From Chinese Company

Discussion in 'Politics' started by OldDude49, Aug 3, 2020.


  1. OldDude49

    OldDude49 Just n old guy

    so you wonder why colleges are the way they are? here's the thing... ain't just Chinese... Saudi Arabia among others is giving money... religion of peace is what they sell...

    Public records suggest that the Nice Famous Corporation, which funneled $3 million to the Ivy League school, is closely tied to the Chinese government




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    Wikimedia Commons
    Alana Goodman - August 3, 2020 5:00 AM

    The University of Pennsylvania pocketed a $3 million donation last year from a mysterious Hong Kong shell company that is owned by a Shanghai businessman with deep ties to Chinese government officials.

    The donation from Xu Xeuqing, who has no apparent connection to the University of Pennsylvania and was previously embroiled in a Shanghai public corruption scandal, raises questions about the true source of the money. Documents reviewed by the Washington Free Beacon show Xeuqing has close ties to the Chinese Communist Party.

    China has poured money into American universities in recent years, in part to buy influence on campuses, experts say. The donation comes as federal prosecutors have increased scrutiny on the Chinese government’s influence-buying and espionage operations at American universities.

    "Unequivocally they’re using the money they’re providing the universities to garner influence there," said Ben Freeman, the director of the Foreign Influence Transparency Initiative at the Center for International Policy. "It’s not the sole motive, but it’s one of a variety of motives."

    Foreign money has poured into the school over the past few years with a significant portion coming from China. The Ivy League school received $61 million in gifts and contracts from China between March 2017 and the end of 2019; over the previous four year period, it took in just $19 million from Chinese donors.

    The University of Pennsylvania received the $3 million in question from a Hong Kong-based company called "Nice Famous Corporation Limited," according to financial disclosures. And while a spokesman for the university, Stephen McCarthy, initially told the Washington Free Beacon that the money came from a Chinese national named Xin Zhou whose firm is "a large client" of the university's business school, a review of Chinese public records by the Free Beacon could not establish a connection between Zhou and the Nice Famous Corporation.

    McCarthy did not respond to a request for further comment about why the university attributed the donation to Zhou.

    In fact, corporate records indicate that the Nice Famous Corporation Limited is wholly owned by another Chinese national, Xu Xeuqing, a real estate developer well-connected in Chinese political circles.


    The company does not appear to operate from its registered address in Hong Kong, according to an agent of the Free Beacon who visited the office. In fact, another company—Double Rich Development Ltd., which specializes in the import and export of ore and minerals—sits there.


    [​IMG]

    The Double Rich Development company sits at the Hong Kong address listed by the Nice Famous Corporation. Photograph obtained by a China-based researcher retained by the Washington Free Beacon.

    It is difficult to determine whether Chinese businesses are "truly independent of the government," Freeman said. "Even some of the contributions that we’re seeing ostensibly coming from Chinese businesses or Chinese charitable institutions, to some degree or another they are still connected to the Chinese government."

    a lot more info on site...

    UPenn Took $3 Million From Hong Kong Company With Ties to Chinese Government
     
  2. DKR

    DKR Raconteur of the first stripe

    Lets see

    China is a Communist country. (I'll add D'oh here for emphasis) D'oh!

    EVERYTHING has 'ties' to the Chinese Government. Or at least their corrupt officials.

    I learned this in COMMIES 101 back in high school.

    OTOH - A merely Socialist govt (think UK) isn't quite as bad, but they still control key industries, broadcast media, healthcare (a dicey term for what is found in the NHS) - exports and imports and much of the transport and shipping industry....
     
    sec_monkey likes this.
  3. OldDude49

    OldDude49 Just n old guy

    seems there is more info...

    With Huge Financial Backing from Hostile Foreign Entities Brookings Institute Is Working to Help Democrats Win in 2020

    Julie Kelly at American Greatness released a report where she addresses the connections between the Brookings Institute, Democrats and foreign entities. She summarizes her report:

    Accepting millions from a state sponsor of terrorism, foisting one of the biggest frauds in history on the American people, and acting as a laundering agent of sorts for Democratic political contributions disguised as policy grants isn’t a good look for such an esteemed institution.

    One would be hard-pressed to name a more influential think tank than the Brookings Institution. The Washington, D.C.-based nonprofit routinely ranks at the top of the list of the best think tanks in the world; Brookings scholars produce a steady flow of reports, symposiums, and news releases that sway the conversation on any number of issues ranging from domestic and economic policy to foreign affairs.



    With Huge Financial Backing from Hostile Foreign Entities Brookings Institute Is Working to Help Democrats Win in 2020
     
  4. Ura-Ki

    Ura-Ki Grampa Monkey

    Not so fast here folks!
    Y'all forgetting something important here!
    China, Saudi, and other countries send a hell of a lot of their "Best and Brightest" here for their higher learnin, so donating or financing those schools makes a lot of sense, gotta keep the little bastards in school for their "taking over the world training 101", plus, with those donations and funding, those who spend the money get to determine the direction those schools go!
    Not defending them in the least, just pointing out the likely WHY!
     
    Thunder5Ranch and ghrit like this.
  5. ghrit

    ghrit Bad company Administrator Founding Member

    I'm not troubled in the least who contributes to colleges and universities as long as the "savings" are uniformly distributed AND the board of directors attempts to keep the school aimed toward education, not indoctrination. The boards have failed.
     
  6. Seacowboys

    Seacowboys Senior Member Founding Member

    Universities are Petri dishes for discontent.
     
    Cruisin Sloth likes this.
  7. ghrit

    ghrit Bad company Administrator Founding Member

    Properly channeled, discontent is good if it results in progress rather than regression. These days, it seems the "graduates" specialize in whining for someone else to do the work rather than working themselves.
     
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