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In October 1999, the Clinton White House denied that Chinese
billionaire Li Ka-Shing is working for the communists in Beijing. The
White House press secretary labeled such accusations as “silly” and
dismissed them as “the kind of thing you see around here from time to
time.”

Yet, in August 1994, the Clinton White House did not think Li
Ka-Shing’s connection to the red Chinese leadership was silly. President
Clinton thought so highly of Li Ka-Shing that he equated and included
the communist financier with the red leaders of Beijing in a package of
intelligence information supplied to a Democratic National Committee
million-dollar donor.

The Clinton White House thought so much of Li Ka-Shing that they
passed a complete intelligence bio on the Chinese billionaire directly
to DNC donor Loral Aerospace CEO Bernard Schwartz just prior to a trade
trip to Beijing. Along with Li Ka-Shing’s bio, the White House also
gave Schwartz the detailed biographies of the entire Chinese communist
leadership from President Jiang Zemin to the mayor of Shanghai.

Li Ka-Shing’s bio and the bios of other leading communist party
members were exposed here in an exclusive WorldNetDaily column. The
Clinton White House illegally withheld the documents from public release
using false claims.

In September 1998, the Commerce Department was forced by a federal
lawsuit to release these documents from the files of the late Secretary
Ron Brown. The Clinton administration bio of the red leadership
included a cover-sheet addressed to a blacked-out “intelligence agency,”
informing the secret agency that the documents had to be made public.

Li Ka-Shing and the Chinese red leadership bios are available on the
Internet. They are official Clinton administration documents.

According to Forbes, Li Ka-Shing is the sixth richest man in the
world. Li claims to be neither a red Chinese government official nor a
member of any military service. Yet, the Clinton White House bio states
that Li is a “member of the board of directors of the China
International Trust and Investment Corporation (CITIC).”

According to a 1997 Rand Corporation report sponsored by the Clinton
administration, CITIC is an “investment concern under China’s
governmental State Council.” CITIC “became identified with the PLA as a
result of the scandal surrounding Wang Jun and his visit to the White
House on 6 February 1996.”

In February 1996, President Clinton met with Chinese arms dealer Wang
Jun after taking a donation from Arkansas DNC donor Charlie Trie. The
Rand Corp. noted that “Wang Jung is both director of CITIC and Chairman
of Poly Group, the arms trading company of the General Staff
Department.”

In short, Wang Jun was an arms dealer from the Chinese army.

According to the Rand Corporation report, “Poly Technologies, Ltd.,
was founded in 1984, ostensibly as a subsidiary of CITIC, although it
was later exposed to be the primary commercial arm of the PLA General
Staff Department’s Equipment Sub-Department. Throughout the 1980s, Poly
sold hundreds of millions of dollars of largely surplus arms around the
world, exporting to customers in Thailand, Burma, Iran, Pakistan, and
the United States.”

The Rand report concluded, “CITIC does enter into business
partnerships with and provide logistical assistance to PLA and
defense-industrial companies like Poly. Poly’s U.S. subsidiaries were
abruptly closed in August 1996. Allegedly, Poly’s representative,
Robert Ma, conspired with China North Industries Corporation’s (NORINCO)
representative, Richard Chen, and a number of businessmen in California
to illegally import 2000 AK-47s into the United States.”

“Unfortunately for them,” states the Rand report, “their ‘customers’
turned out to be undercover U.S. Customs and BATF agents, posing as
members of a Miami syndicate. Poly’s representative, Robert Ma, fled
the country one step ahead of Federal law enforcement officials who had
a warrant for his arrest, and his current whereabouts are unknown.”

The Rand Corporation did not neglect to document Li Ka-Shing’s direct
connections to the Chinese military. According to the Rand report,
“Hutchison Whampoa of Hong Kong, controlled by Hong Kong billionaire Li
Ka-Shing, is also negotiating for PLA wireless system contracts, which
would build upon his equity interest in Poly-owned Yangpu Land
Development Company, which is building infrastructure on China’s Hainan
Island.”

Clearly, Li Ka-Shing helps to fund the People’s Liberation Army by
providing financing for Chinese army weapons sales through Poly
Technologies and for purchases of advanced western military technology.

For example, CITIC also owns a controlling interest in the Hong Kong
based Asia Satellite Telecom Co. Ltd., or AsiaSat. AsiaSat, a company
founded in 1988, operates several communications satellites in the Far
East bought from U.S. manufacturers such as Hughes.

AsiaSat is also a front company for the People’s Liberation Army.
According to “Aviation Week and Space Technology,” AsiaSat is also
part-owned by the Chinese army unit COSTIND (the Commission on Science,
Technology and Industry for National
Defense). AsiaSat satellites regularly carry “military communications”
traffic for PLA units and Chinese military-owned companies.

It is no surprise that AsiaSat signed an exclusive deal with
billionaire Li Ka-Shing to carry his STAR television service, 54
channels of premium cable/satellite television including MTV, re-runs of
American sitcoms dubbed in various languages, and pay-per-view X-rated
movies. Li Ka-Shing later sold all of his STAR TV holdings in two huge
chunks to news magnate Rupert Murdoch for nearly a billion dollars.

Li Ka-Shing’s joint ventures with the Chinese military are not
limited to high-tech satellites and communications deals. One joint
venture led by Li Ka-Shing nearly added four new invasion ships to the
Chinese navy.

In January 1997, President Clinton authorized four huge “roll on-off”
container ships for export directly to China. The four container ships
were to be constructed for the China Ocean Shipping Company (COSCO) and
Li Ka-Shing’s Hutchison Whampoa Ltd. by the Alabama Shipyards in Mobile,
Ala.

The four U.S. ships were to be built using $138 million in private
loans backed by the U.S. government. The loans had very favorable terms
including low interest rates and a 25-year re-payment plan, longer than
the expected life of the ships. The loans were also U.S.-backed, so even
if the ship and owner disappeared, the federal government would still
repay the lenders.

COSCO is the flag carrier for China, hauling official cargo exported
by the Chinese government, including weapons; for example, the fully
automatic AK-47 machineguns from Poly Technologies that were confiscated
in the 1996 U.S. Customs sting operation were found onboard a COSCO
ship.

Recent U.S. Navy photos show COSCO cargo ships carrying missile-armed
patrol boats bound for Iran and tons of depleted uranium anti-tank
shells for Pakistan. COSCO ships have carried jet fighters, missile
parts and tanks for export to Iran, Iraq, Syria and Libya.

The COSCO container ship deal fell apart in November 1997 due to
“commercial” reasons blamed on the Asian financial crisis, Senator
Thompson’s hearings into the Clinton White House and the Poly
Technologies sting. In 1998, Clinton officials nervously pointed out
that “no money” was involved because the deal fell apart.

Nevertheless, the Chinese navy deal to acquire these ships actually
started in 1993 when Bill Clinton and the Democrats were starved for
donation cash. The Maritime shipyard-funding program, managed by the
Department of Transportation, was created to finance American-built
ships sold to U.S. flag companies.

In 1993, the Democratic-controlled Congress joined President Clinton
and altered the program to allow U.S. financing on ships built for
export. Li Ka-Shing, COSCO, Ron Brown and Bill Clinton worked to
provide the four container ships, including the low cost, 100 percent
U.S. government-backed loans, to Hutchison Whampoa and COSCO.

COSCO — which is part of the Chinese navy and wholly owned by the
Chinese government — is best known for the recent unsuccessful attempt
to purchase the former Long Beach Naval station. COSCO and Li
Ka-Shing’s Hutchison Whampoa Ltd. now control both ends of the Panama
Canal.

Bill Clinton considers Li Ka-Shing to be a power in red China equal
to that of Chinese President Jiang Zemin. Bill Clinton’s White House
opened its doors to Li Ka-Shing and his Beijing buddies in the Chinese
army surplus outlet store, Poly Technologies. It is the responsibility
of Congress to look into Li Ka-Shing and Bill Clinton despite the lies
and spin from the White House.

The only thing silly about Li Ka-Shing’s relationship to Bill Clinton
is the White House denial that the Chinese billionaire is part of the
red leadership in Beijing. Li Ka-Shing’s relationship with Bill Clinton
is documented by his own administration.

Source documents

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