Interesting read...I was ridiculed because I thought Chao had dealings (through her husband) with the CCP...”Oh, no, She’s from Taiwan”, etc.
From the article:
The Chao family company, Foremost Group, was responsible as of 2019 for a large portion of orders at one of China’s biggest state-funded shipyards and has secured long-term charters with a Chinese state-owned steelmaker, Breitbart News found. Foremost’s ships carry bulk cargo such as iron ore and coal, focusing on shipping those commodities to China.
The investigation noted the trip was scheduled to include stops at locations in China that received financial support from her family’s company and also a meeting with “top leaders” in China that was scheduled to include her father and sister but not other members of the Transportation Department staff.
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Also her sister Angela Chao, the CEO of Foremost Group, has been a “non-executive” member the board of directors of the Bank of China since 2016. Foremost Group has several hundred million dollar loans given to them by the Bank of China. The same bank is a top lender to the China ship building industry. When Elaine Chao was the Sec. of Trans. her policies were not America first, especially relating to maritime.
I remember doing a bit of research into Chao’s family ship building business when it was discussed a while ago- didn’t know you were ridiculed, you shouldn’t have been!
I found that the the Chao family bidness helps the CCP warship industry. Can’t remember details.
So what they’re from Taiwan, $$$ is more important to them.