Free Republic

Xun Wang, a former Managing Director of PPG Paints Trading, has been indicted on a charge of conspiring to violate the International Emergency Economic Powers Act and the Export Administration Regulations.She is accused of exporting and reexporting high-performance epoxy coatings to the Chashma 2 Nuclear Power Plant in Pakistan.She is a Chinese national and lawful permanent resident of the United States.In 2006, PPG sought an export license for the shipments of coatings to Chashma II. The Department of Commerce denied that license application. Following that denial, Wang and her co-conspirators agreed upon a scheme to export and reexport the high-performance...

Islamabad - China has provided a loan of Rs 136 billion for two nuclear power plants that Pakistan expects to commission by 2016, the state-run media reported today. The power plants of 340MW each are being built with Chinese assistance at the Chashma nuclear complex in Punjab province. The "construction of these power plants became possible after a long-standing agreement", official sources were quoted as saying by APP news agency. The total cost of the two plants is Rs 190 billion and they will be partially funded by a Chinese loan of Rs 136 billion, the sources said. The Pakistan...

A Chinese company has agreed to pay a penalty of $3 million after pleading guilty to the charges of illegally exporting high-performance coating to Pakistan's Chashma nuclear power plant, US federal authorities said. Headquartered in Nanjing, the Chinese firm Huaxing agreed to the maximum criminal fine of  $2 million, $1 million of which will be stayed pending its successful completion of five years of corporate probation. Huaxing was building Chashma II Nuclear Power Plant in Pakistan as part of a nuclear cooperation pact between China and Pakistan. Chashma II is owned by the Pakistan Atomic Energy Commission, which is an...