US export restrictions on many goods sold through civilian supply chains to China

[reedak]

1. Semiconductor firms Nvidia (NVDA) and Advanced Micro Devices (AMD) reported new U.S. export restrictions would limit sales to China, sending shares of both companies and other semiconductor stocks tumbling on Thursday.

While AMD claimed the new rules would not have a material impact on its business, Nvidia expects the change could mean a loss of $400 million in potential sales in the current quarter. Shares of Nvidia fell over 8% on the news in early trading on Thursday, and shares of AMD lost over 5%.

The U.S. government’s new export restrictions now require licenses to export certain products to China and Russia. A spokesperson for the Commerce Department noted the bureau may implement further restriction measures, designed to prevent China's application of these products toward surveillance purposes and military modernization efforts.

In recent years, the U.S. government has tightened restrictions on exporting certain technologies to China, arguing that many goods sold through civilian supply chains were ultimately repurposed for military uses....

Source Link: https://www.investopedia.com/semiconductor-stocks-fall-on-us-export-restrictions-6542012

2. It was 1950, a year after the founding of the People's Republic of China, when the U.S. led forces pushed the Korean War right to China's border. Hundreds of thousands of young people in China joined the war to defend their homeland, including 17-year-old Sun Deshan.

"The U.S. was like a flame, it burned the DRPK first, and next would be China. As a neighbor, China must put out the fire. It not, China would be next," said Sun Deshan, an 87-year-old Korean War veteran, adding, "We fought to defend our nation and homeland. A man without a country is like a child without a home."....

"While we charged forward, bombs, shells and fragments exploded next to us. Many of us fell, but we marched on, no matter what. At first, we were afraid, but we knew it's either them or us, so we braved up and fought hard," said Jin Donghui, who joined the war when he was 17....

China's Ministry of Civil Affairs says nearly 200,000 martyrs died in the Korean Peninsula. A Chinese force, known as the "Iron 7th Company," went from over a hundred soldiers to just seven men after several tough fights. At the bottom of a valley, Jin watched his comrades fall one by one as enemy troops swarmed the position.

"They ran out of bullets and grenades. The seven soldiers fixed their bayonets and readied for hand-to-hand combat," said Jin...

Chinese soldiers often had to fight taller and stronger enemies in the most primitive way, while also facing the huge gap in weapons. Jin recalled a desperate fight when a Chinese soldier tried to take out an enemy machine gunner in close combat.

"He grappled the man and bit him on the face and hands. Then the two rolled down and fell from the cliff. Both were killed," Jin said....

Source Link: https://news.cgtn.com/news/2020-09-...ttles-from-70-years-ago-U8eNKrXbbi/index.html

3. It's the joke of the century that the US regime's reason for its tech curbs to China is that many goods sold through civilian supply chains will ultimately be repurposed for military uses.

Uncle Sam's Sinophobia knows no bounds. If the "potato chip" gas-emitting White House incumbent's reasoning has any logic at all, many ordinary things in life can be repurposed for military uses. For instance, binoculars and telescopes that are used for bird watching can be used by Chinese soldiers to monitor the movement of US forces on the battlefield. A Chinese soldier who has lost his helmet may use a rice cooker, frying pan or wok to protect his skull from US bullets. Will the US regime restrict the export of rice cookers, frying pans or woks to China so that Chinese solders cannot use them as helmets to protect their skulls from US bullets?

The second article in this post mentions an instance of a desperate Chinese soldier using his teeth as weapons against his enemy in the Korean War. Will the "potato chip" gas-emitting White House incumbent restrict the export of dental equipment to China so that all Chinese soldiers have no teeth to use as weapons in a future Sino-US war due to lack of proper dental care?

 

[mark francis]

1. Semiconductor firms Nvidia (NVDA) and Advanced Micro Devices (AMD) reported new U.S. export restrictions would limit sales to China, sending shares of both companies and other semiconductor stocks tumbling on Thursday.

Selling American political influence and secrets to enemies of civilization has proven to be a huge source of cash influxes by crooked politicians. This is about Bill Clinton.

https://bwcentral.org/2018/02/flashback-bill-clinton-gave-china-missile-technology/

FEBRUARY 2, 2023

FLASHBACK: BILL CLINTON GAVE CHINA MISSILE TECHNOLOGY

February 3, 2018 by Matthew Vadum

​

Flashback: Bill Clinton Gave China Missile Technology​

With all this talk of Russians allegedly interfering in U.S. elections, it is worth recalling that it wasn’t too long ago that the previous Democrat in the White House betrayed America by working hand in hand with our Communist enemies in mainland China.

As president, Bill Clinton essentially wiped out any strategic advantage the U.S. had by selling advanced U.S. missile technology to our enemy, the People’s Republic of China.

That “administration’s voluntary release of all the secrets of America’s nuclear tests, combined with the systematic theft of the secrets that were left as a result of its lax security controls, effectively wiped out America’s technological edge,” David Horowitz writes in the recently published, The Black Book of the American Left Volume 7: The Left in Power: Clinton to Obama.

Unlike the administrations that preceded it, the Clinton administration accepted millions of dollars from the military and intelligence services of at least one hostile foreign power. All of this was done in exchange for illegal campaign contributions from a massive totalitarian country determined to eclipse the U.S. as a world superpower.

President Clinton also lifted security controls, allowing thieves to access other vital military technologies, while disarming his own side and opposing needed defenses.

“One of the key technological breaks China received, without having to spy to get it, was the deliverance of supercomputers once banned from export for security reasons,” writes Horowitz.

“Supercomputers underpin the technology of nuclear and missile warfare, and not only for firing and controlling the missiles. A supercomputer can simulate a nuclear test and is thus crucial to the development of nuclear warheads. But, according to a Washington Post editorial: ‘In the first three quarters of 1998 nine times as many [supercomputers] were exported [to China] as during the previous seven years.’”

“This transfer,” he writes, “was authorized three years after the spy thefts were detected. What rationale—besides stupidity, greed, or some other equally indefensible motive—could justify this? What responsible president or administration official, at any relevant level in any government, would allow the massive transfer of national-security assets like these to a dictatorship they knew had stolen their country’s most highly guarded military secrets?”

Back in the 1990s, as longtime Clinton bagman Terry McAuliffe, now governor of Virginia, set records raising money for the Clintons. In that era congressional investigators unearthed an elaborate Communist Chinese money-laundering scheme.

Under it money was funneled to the Clinton organization through businesspeople, including Yah Lin “Charlie” Trie. In that case, 94 individuals either refused questioning, pled the Fifth Amendment, or fled the country. Trie accepted a plea bargain with federal prosecutors in 1999 in exchange for providing information about questionable campaign contributions from China.

McAuliffe helped a company called Loral Space get seats on official trade missions. He reportedly convinced the Clinton administration to overrule national security officials in order win approval for a Loral deal that gave Red China critical missile technology. Loral’s chief executive officer became the Democratic National Committee’s largest donor and McAuliffe became DNC chairman.

According to a Wall Street Journal account from Clinton days, a bipartisan congressional inquiry “found Beijing has stolen U.S. design data for nearly all elements needed for a major nuclear attack on the U.S., such as advanced warheads, missiles, and guidance systems. Targets of the spying ranged from an Army anti-tank weapon to nearly all modern fighter jets. Most wasn’t done by professionals, but by visitors or front companies. Lax security by the Clinton Administration is blamed in part, and satellite makers Hughes and Loral are criticized.”

China’s theft of American technology gave it a 20-year head start in developing its own nuclear warhead delivery system, Horowitz writes.

Hughes and Loral, large contributors to Clinton’s campaign coffers, gave the Chinese technology to deliver nuclear payloads.

“They were able to accomplish this with indispensable assistance provided by the Clinton White House that allowed them to circumvent technology controls instituted for national-security purposes by previous administrations,” writes Horowitz.

Then-Rep. Curt Weldon (R-Pa.), who was chairman of the National Security subcommittee on military research and development and is fluent in the Russian language, characterized the six years of Clinton’s administration that had thus far elapsed as “the worst period in our history in terms of undermining our national security.”

When Weldon visited Russia with 10 other congressmen a Russian general threatened them, saying that if the U.S. deployed ground troops to Kosovo, Russia could throw America into chaos by detonating a nuclear device in the sky near the eastern seaboard that would destroy every computer chip in the country, disabling telephones, airplanes, and electrical grids.

Such are the fruits of appeasement.

Incessant propaganda from the Left during the recent campaign and the post-election period, has stressed President-elect Donald Trump’s connections to Russia while downplaying or ignoring altogether the Clintons’ relationship with the Kremlin.

The connections of Trump, his family, his campaign staff, transition team, and would-be cabinet members to Russia are being microscopically examined and hyped daily in the news.

But Hillary Clinton’s team also has ties to Russia.

Her campaign chairman John Podesta became a member of the board of directors of solar energy startup Joule Unlimited in 2011. Eight months later Rusnano, a Kremlin-backed investment fund announced it would invest around $35 million in Joule. A few months after, about the time Podesta joined then-Secretary of State Hillary Clinton’s Foreign Affairs Policy Board, Rusnano Chairman Anatoly Chubais joined Joule’s board.

 

[mark francis]

Selling American political influence and secrets to enemies of civilization has proven to be a huge source of cash influxes by crooked politicians. This is about Bill Clinton.

https://bwcentral.org/2018/02/flashback-bill-clinton-gave-china-missile-technology/

FEBRUARY 2, 2023

FLASHBACK: BILL CLINTON GAVE CHINA MISSILE TECHNOLOGY

February 3, 2018 by Matthew Vadum

Flashback: Bill Clinton Gave China Missile Technology




Her campaign chairman John Podesta became a member of the board of directors of solar energy startup Joule Unlimited in 2011. Eight months later Rusnano, a Kremlin-backed investment fund announced it would invest around $35 million in Joule. A few months after, about the time Podesta joined then-Secretary of State Hillary Clinton’s Foreign Affairs Policy Board, Rusnano Chairman Anatoly Chubais joined Joule’s board.

The rest of the story:

Podesta has been less than forthcoming about his relationship with the Russian government. “What he doesn’t like to talk about is the business he’s done with a Kremlin-backed investment firm and the lengths he’s gone to avoid scrutiny of this relationship,” the Wall Street Journal reported Oct. 23.

And in August the FBI and Justice Department announced they were investigating the Podesta Group, a lobbying and public relations firm co-founded by John Podesta, for any connections to corruption that occurred in the government of former Ukraine President Viktor Yanukovych. Russia-controlled Uranium One retained the firm in 2012, 2014, and 2015, to lobby Clinton’s State Department and was paid $180,000 in fees.

Uranium One shareholders gave the corrupt Bill, Hillary and Chelsea Clinton Foundation more than $145 million in donations in the period before Hillary’s State Department approved a transaction giving Russia control over 20 percent of U.S. uranium. And as Russia, which initially didn’t have a controlling interest in Uranium One, was gearing up to take over the company, Bill Clinton received a whopping $500,000 for a single speech on Russian soil.

And when he was president, Bill Clinton wasn’t exactly hostile toward Russia.

As journalist Bill Gertz wrote years ago, Clinton sent “a billion dollars to Russia earmarked for its ‘nuclear disarmament program,’ even though the government’s own General Accounting Office has already determined that millions of these dollars are going to Russian scientists working to build new nuclear weapons for the Russian military.”

Like Clinton, President Obama has written big checks to the nation’s enemies, sending $150 billion to the crazed mullahs of the Islamic Republic of Iran. Islamists have penetrated both of our political parties but only Democrats –the party more amenable to subversives— have two sitting congressmen, Keith Ellison of Minnesota and Andre Carson of Indiana, who are Islamists.

While the Clinton administration was working to improve relations with China, “the Chinese themselves were systematically plotting to penetrate the Democratic Party, subvert America’s electoral process, and—with the help of the president himself—infiltrate the administration and steal America’s advanced weapons arsenal.”

That doesn’t sound a whole lot different than Obama’s nuclear so-called nonproliferation pact with Iran, which in reality green-lights Iranian adventurism by helping the mullahs get their hands on nuclear weapons technology to use against Israel and the United States.

In the modern era Democrats have a long history of aiding America’s enemies, interrupted only by brief periods of tension.

After the brutal shellacking Democrats got at the polls Nov. 8, no wonder they’re doing so much saber-rattling against Russia.

They need an external villain to prevent their own grassroots from rising up against them.