For the Chao Family, Deep Ties to the World’s 2 Largest Economies (Mitch McConnell's wife and wealth tied to CCP)

NYTimes ^ | June 2, 2019 | Michael Forsythe and Eric Lipton

[UnwashedPeasant]

The family of Elaine Chao, the transportation secretary and wife of Mitch McConnell, the Senate majority leader, has high-level political connections not only in the United States but also in China. That gives the family unusual status in the world’s two largest economies.

Through interviews, industry filings and government documents from both countries, The New York Times found that the Chaos, and by extension Mr. McConnell, prospered as the family’s shipping company developed deeper business ties in China. Along the way, one of the company’s boosters was Ms. Chao, who now oversees efforts to promote America’s own maritime industry, which is in steep decline as China’s shipping sector rises in global dominance. Here are five takeaways.

James S.C. Chao, 91, Ms. Chao’s father, studied navigation at a university in Shanghai before fleeing the mainland ahead of the Communist takeover in 1949. His schoolmate for a time was Jiang Zemin, who would become China’s president.

As China was emerging from decades of turmoil in 1984, the Chao family took a stake in a state-owned Chinese manufacturer of marine electronic equipment, documents show. The company targeted sales to China’s military, among other sectors, and was closely affiliated with a ministry run by Mr. Jiang. After Mr. Jiang came to lead the Communist Party a few years later, Mr. Chao met with him at least six times, including in August 1989 in Beijing — inside the party’s secretive leadership compound. Chao family members said they could not recall this investment.

Foremost Group, the New York-based shipping company founded by Mr. Chao in 1964, landed its first big contract with the United States government, shipping rice to Southeast Asia during the Vietnam War.

Now, it builds most of its ships in state-owned shipyards in China, with some financed by Chinese government loans.

[UnwashedPeasant]

The Turtle's wealth is mostly from his wife, and originates from the CCP and shipping.

As Secretary of Treasury, she has a conflict of interest. Her policies can help the CCP and enrich her family.

Trump's tough positions against the CCP make the Turtle a natural enemy.

The following other article describes how McConnell's money comes mostly from his wife's family. (CCP kickback?)

https://www.forbes.com/sites/michelatindera/2019/06/10/million-will-sheds-light-on-shipping-fortune-connected-to-elaine-chao-and-mitch-mcconnell/?sh=15f273242eb2

[E. Pluribus Unum]

When I said Mitch was married to a CCP asset I was attacked.

[Paladin2]

Dear Ditch,

Ciao...

[goodnesswins]

And her sister is on Board of Bank of China.

[UnwashedPeasant]

"When I said Mitch was married to a CCP asset I was attacked."

She is Taiwanese, so you would think she is anti-CCP. But, nope!

[bigbob]

She’d not Italian? Ciao!

[Rembrandt]

Ms. Chao has been in high levels in different administrations; are you trying to enlighten us?

[Fiddlstix]

That I did not know
Thank you

[slouper]

There’s a lamppost with the Turtles name on it.

[\/\/ayne]

I try not to hate but McConnell's traitor speech was so sickening, so self-righteous and so anti-Constitutional I was about to puke listening to it. I had to turn it off.

If the Founding Fathers were there in the chamber they would have torn him limb from limb with their bare hands while singing "Yankee Doodle."

[Colo9250]

The question is, why did Trump pick her and then keep her in his administration?

[The Sons of Liberty]

For the Chao Family, Deep Ties to the World’s 2 Largest Economies (Mitch McConnell's wife and wealth tied to CCP)

In other words -she's a Double Agent and Mitchie is her accomplice.