Reply #10: Neil Bush business links in spotlight: CHINA semiconductors, for starters.

[Octafish]

Thanks, blm. I got the mug for it.



I know you know, but Neil Bush is pals with Unka Prescott's ChiCom buddies:

Neil Bush business links in spotlight

By Hamish McDonald, Herald Correspondent in Beijing
November 28, 2003

Revelations that President George Bush's younger brother has a sinecure worth $US400,000 ($550,000) a year with a Chinese firm partly owned by the son of the senior leader Jiang Zemin have thrown a new sleaze factor into US-China relations.

The business link was exposed in court papers leaked from Neil Bush's messy divorce proceedings in Houston, Texas, and could add to pressure on President Bush to show toughness towards rapidly rising Chinese imports ahead of the presidential and congressional elections next November.

In the past week the Bush Administration has slapped a succession of restrictions and extra duties on Chinese imports ranging from bras to colour TV sets to placate domestic lobbies - even if, as in the case of bras, there are no longer any factories in the US making the product.

A leaked court transcript published in US newspapers on Tuesday includes details of Neil Bush's consultancy contract signed in August last year with a computer chip firm, Grace Semiconductor Manufacturing of Shanghai, whose main investors include Jiang Mianheng, son of Jiang Zemin, the former Chinese president, who held a summit with President Bush in Texas in October last year and who remains chairman of China's powerful Central Military Commission.

The consultancy was proposed by Winston Wong, a founder of Grace Semiconductor who is the son of Wang Yung-ching, founder of Taiwan's biggest business group, Formosa Plastics. Mr Wong had been an investor since 2000 in an Austin, Texas, company started by Neil Bush to provide internet learning programs.

CONTINUED...

http://www.smh.com.au/articles/2003/11/27/1069825921881.html

Thanks for your kind words, blm. Your Friendship means the world to me.