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| Government Corruption |
| Gretchen Whitmer-Appointed Board Approves $715 Million Contract, Tax Incentives for Chinese Communist Party-Affiliated Company |
| 2022-10-10 |
| [Breitbart] The Michigan Strategic Fund (MSF) board, appointed by Democrat Gov. Gretchen Whitmer, approved $715 million in grants and tax exemptions on Wednesday for a battery manufacturer with deep ties to the Chinese Communist Party (CCP). The SMF board, chaired by Quentin Messer and comprised of 11 members appointed by Whitmer, reportedly approved the Renaissance Zone tax exemption request and handed $175 million in state grants to a China-based company named Gotion Inc, and its billionaire chairman, who has deep ties to the CCP, in order to build a $2.4 billion electric vehicle battery parts facility in the outer part of Big Rapids. In total, as the Detroit News reported, the $715 million in grants and tax exemptions include: The property tax exemption granted by the board for the Michigan Economic Development Corp. will save the company $540 million over a 30-year period, according to estimates. The approval comes after three local government boards last week unanimously approved the Renaissance Zone request for the project that’s expected to create 2,350 jobs over the next decade [Emphasis added]. Ultimately, the state-run economic development agency would scheme to “attract” jobs to Michigan by way of a cash grab of hundreds of millions of dollars and a land grab of 523 acres for a company effectively operating as an arm of the CCP. In fact, Messer told the Detroit News that the MSF was actively pursuing the business of the Chinese-linked company. In September, the Whitmer administration refused to disclose how much taxpayer money had been offered to lure Gotion to Michigan. While Gotion will use the funds to build an electric vehicle battery manufacturing plant in Big Rapids, the company’s United States subsidiary was incorporated in California in 2014. But Gotion was actually founded in 2006 in Hefei, China, and was China’s first power battery company to enter the capital market. In China, the company appears to go by Guoxuan. The company is headed by Li Zhen, a Chinese billionaire with deep ties to the CCP. Zhen is the second-largest shareholder of Gotion, behind only Volkswagen, according to Electrive, and is considered the company’s “de facto controller.” He was a member of the 13th, 14th, and 15th National People’s Conference Hefei Committee, a local affiliate of the Chinese People’s Political Consultative Conference (CPPCC). According to the Diplomat, “the CPPCC today is a key part of China’s ‘united front’ work, which is designed to liaise with non-Communist Party members — and ultimately see them work with the CCP to advance its interests.” Mao Tse Tung infamously called the United Front one of his “three magic weapons,” along with the Communist Party and Red Army, in quelling pro-democracy republican forces in the Chinese Civil War. Related: Gretchen Whitmer: 2022-09-24 Second woman who sabotaged the Dakota Access Pipeline is sentenced to six years in prison Gretchen Whitmer: 2022-08-24 Two Men Convicted of Conspiring to Kidnap Democratic Michigan Governor Gretchen Whitmer Gretchen Whitmer: 2022-08-23 BREAKING: Men Guilty on All Charges in Michigan Governor 'Kidnapping' Case |
| Posted by:Skidmark |
| #2 Just when you thought that dimwit had been relative quiet lately. |
| Posted by: DooDahMan 2022-10-10 03:56 |
| #1 Try and name a Chinese company that isn't 'CCP affiliated'. No such critter. |
| Posted by: magpie 2022-10-10 03:25 |