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Update on Trade with China
A company run by the son of Chinese President Hu Jintao, who is closely tied with the Communist Chinese government and does business with Iran, Cuba and Venezuela, was hired a year ago for $1.9 million to X-ray cargo being loaded onto cruise ships in Los Angeles. The company, Nuctech Inc., was the low bidder. Now critics are suggesting that there were motivations other than monetary. They suggest Nuctech wanted the deal primarily to get its high-tech scanning machines into a major U.S. port. Maybe it even thought it could get access to our Department of Homeland Security's databases.
Update on Chinese Spying
A scientist pleaded guilty in U.S. District Court in Norfolk in November to selling U.S. rocket technology to China and bribing Chinese officials to secure a lucrative contract for his high-tech company. Shu, an expert in cryogenics, sold technology to China for the development of hydrogen-propelled rockets. Shu faces up to 10 years on each arms count and five years for the bribery charge, plus fines of up to $2.5 million. Shu is president of AMAC International Inc. of Newport News, VA. He is a naturalized U.S. citizen who was born in Shanghai.
Update on Outsourcing Pharmaceuticals
Outsourcing pieces of drug discovery has become a common cost-cutting measure in the biotechnology industry. With research and development costs rising, corporations think that outsourcing makes sense. China has been called a hot spot for outsourcing the early stages of drug development because China has lower costs, lower wages for skilled workers, and a large patient population on which clinical trials can be conducted.
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