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Thread: Chinese companies benefitting from Stimuls money.

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    Default Chinese companies benefitting from Stimulus money.

    https://www.nytimes.com/2020/08/02/u...ess-loans.html

    Just another example of tRump's phony claims about being tough on China.
    Last edited by Tacomaman; 08-03-2020 at 09:38 AM.
    Please leave your Trump 2024 signs in your yard. That way, my dog will know where to take a dump.

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    Quote Originally Posted by Tacomaman View Post
    https://www.nytimes.com/2020/08/02/u...ess-loans.html

    Just another example of tRump's phony claims about being tough on China.
    Exactly. Follow the money, as they say. As if mobster Ivanka is at war with China.

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    What is “ stimuls “ money ?

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    Millions of dollars of American taxpayer money have flowed to China from the $660 billion Paycheck Protection Program that was created in March to be a lifeline for struggling small businesses in the United States. But because the economic relief legislation allowed American subsidiaries of foreign firms to receive the loans, a substantial chunk of the money went to America’s biggest economic rival, a new analysis shows.

    According to a review of publicly available loan data by the strategy consulting firm Horizon Advisory, $192 million to $419 million has gone to more than 125 companies that Chinese entities own or invest in. Many of the loans were quite sizable; at least 32 Chinese companies received loans worth more than $1 million, with those totaling as much as $180 million."

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    Quote Originally Posted by jacksonsprat22 View Post
    Millions of dollars of American taxpayer money have flowed to China from the $660 billion Paycheck Protection Program that was created in March to be a lifeline for struggling small businesses in the United States. But because the economic relief legislation allowed American subsidiaries of foreign firms to receive the loans, a substantial chunk of the money went to America’s biggest economic rival, a new analysis shows.

    According to a review of publicly available loan data by the strategy consulting firm Horizon Advisory, $192 million to $419 million has gone to more than 125 companies that Chinese entities own or invest in. Many of the loans were quite sizable; at least 32 Chinese companies received loans worth more than $1 million, with those totaling as much as $180 million."

    Don’t “ loans “ need to be paid back with a profit ?

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    Quote Originally Posted by Loving91390 View Post
    Don’t “ loans “ need to be paid back with a profit ?
    No

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    Quote Originally Posted by jacksonsprat22 View Post
    No

    How fun is la la land ?

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    Quote Originally Posted by Loving91390 View Post
    How fun is la la land ?
    go soak your head in cement

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    Rump has commented many time about the beautiful beaches in North Korea and how he would like to build there.
    Since Rump has already sold out the USA to Russia and China, selling us out to NK should be relatively easy for him.
    Please leave your Trump 2024 signs in your yard. That way, my dog will know where to take a dump.

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    Trump and Ivanka have made their trinkets in China and 3rd world countries. You are looking in the wrong direction if you seek someone who cares about American workers.

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