Free Republic

One of Senator Hillary Clinton's Asia policy advisers quit her presidential campaign several days ago, complaining that the candidate was engaging in "gratuitous China bashing."[1] And, in fact, the Senator has of late been engaged in a jeremiad on China.[2] To be sure, a good portion of the sourness nurtured in the Democratic Party's base against China is undeserved, and more about big-labor politics than genuine security concerns, yet Senator Clinton has spotlighted at least two grave vulnerabilities in America's defense industrial base: Chinese state-controlled investments in key U.S. defense suppliers and the impact on defense supplies caused by seemingly...

Market impact -- THE CENTER FOR SECURITY POLICY Friday, July 15, 2005 As reported by Bloomberg News, China National Offshore Oil Corporation (CNOOC) stocks fell following Center for Security Policy President Frank Gaffney's testimony Wednesday before the House Armed Services Committee that called attention to the adverse economic and national security implications of CNOOC's $18.5 billion bid to purchase Unocal. Gaffney pointed out that the PRC's play for Unocal's energy and rare earth mineral assets is hardly a normal commercial transaction, but rather part of Beijing's long-term plan to dominate strategic energy resources, materials, minerals and technologies in order to...

An important U.S. high-tech manufacturer is shutting down its American operations, laying off hundreds of workers and moving sophisticated equipment now being used to make critical parts for smart bombs to the People's Republic of China [PRC], Insight has learned. Indianapolis-based Magnequench Inc. has not yet publically announced the closing of its Valparaiso, Ind., factory, but Insight has confirmed that the company will shut down this year and relocate at least some of its high-tech machine tools to Tianjin, China. Word of the shutdown comes as the company is producing critical parts for the U.S. Joint Direct Attack Munition [JDAM]...

. Insight on the News - World Issue: 11/12/02 China Makes Spying A Company Policy By Scott L. Wheeler A U.S. high-tech firm bought in 1995 with Clinton-administration approval by a consortium that included two Chinese companies is proving to be a threat to U.S. national security, according to senior government analysts. The Anderson, Ind., based Magnequench Inc. was bought by the San Huan New Materials and Hi-Tech Co. of the People's Republic of China (PRC), which was started and still is partially owned by the Chinese Academy of Sciences in Beijing. It teamed in this venture with a Hong...

For education and discussion only. Not for commercial use. An important U.S. high-tech manufacturer is shutting down its American operations, laying off hundreds of workers and moving sophisticated equipment now being used to make critical parts for smart bombs to the People's Republic of China [PRC], Insight has learned. Indianapolis-based Magnequench Inc. has not yet publically announced the closing of its Valparaiso, Ind., factory, but Insight has confirmed that the company will shut down this year and relocate at least some of its high-tech machine tools to Tianjin, China. Word of the shutdown comes as the company is producing critical...

Zhang Hong, right, now the chairman of Magnequench, is married to Deng Nan, shown above with her late father, “Paramount Leader” Deng Xiaoping. Outraged U.S. technology experts and documents obtained by Insight indicate that the acquisition and subsequent transfer of high-tech rare-earth-magnet equipment and technology to the People's Republic of China (PRC) is the result of a long-range espionage plan by the late "Paramount Leader" Deng Xiaoping directly involving two of Deng's sons-in-law. The revelations come as Magnequench Inc., a company partially owned by the San Huan New Materials and Hi-Tech Co. -- itself at least partially owned by the...

AMERICA'S CHINA SYNDROME Beijing acquires more U.S. technology Transfer of high-tech equipment result of long-range espionage Posted: March 6, 2003 5:00 p.m. Eastern By Scott L Wheeler © 2003 News World Communications Inc. Outraged U.S. technology experts and documents obtained by Insight indicate that the acquisition and subsequent transfer of high-tech rare-earth-magnet equipment and technology to the People's Republic of China is the result of a long-range espionage plan by the late "Paramount Leader" Deng Xiaoping directly involving two of Deng's sons-in-law. The revelations come as Magnequench Inc., a company partially owned by the San Huan New Materials and Hi-Tech...

Citing national-security concerns, two Democratic lawmakers are engaged in a last-ditch effort to halt plans for the transfer of an Indiana factory that produces critical technology used in the guidance systems of U.S. "smart bombs" to the People's Republic of China. The Department of Defense denies any impropriety, but some observers are asking: Is it a case of politics as usual, or a cover-up? The Magnequench factory (originally known as UGIMAG) was sold in August 2000 to a consortium that included Chinese interests. In 2001, it was announced the plant would be shut down. The factory is responsible for producing...

An important U.S. high-tech manufacturer is shutting down its American operations, laying off hundreds of workers and moving sophisticated equipment now being used to make critical parts for smart bombs to the People's Republic of China (PRC), Insight has learned. Indianapolis-based Magnequench Inc. has not yet publically announced the closing of its Valparaiso, Ind., factory, but Insight has confirmed that the company will shut down this year and relocate at least some of its high-tech machine tools to Tianjin, China. Word of the shutdown comes as the company is producing critical parts for the U.S. Joint Direct Attack Munition (JDAM)...