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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (32928)	12/17/2003 8:59:36 PM
From: laura_bush	Respond to of 89467

Chinese mega-bucks for Bush brothers By Margie Burns Online Journal Contributing Writer December 16, 2003—Many observers were surprised last week when George W. Bush came down in favor of the People's Republic of China, against a democratic referendum in Taiwan. His weighing in on behalf of mainland China becomes more questionable at a time when well-connected Chinese companies are funneling large sums of money to Bush's brothers. News reports reveal that Shanghai-based Grace Semiconductor Manufacturing, a multi-billion-dollar company co-founded by a son of China's former president, has presidential brother Neil Bush under a $2 million contract. With no background in semiconductors, Neil Mallon Bush, third brother in the family, got a five-year contract from Grace, involving an annual retainer of $400,000 in stock. The arrangement is disclosed in court papers in Mr. Bush's scandal-ridden divorce. The business press has conjectured that Grace hoped to influence US limits on exporting sensitive technology to China. An even bigger Chinese company recently moved in ways that benefit youngest Bush brother Marvin P. Bush. The company is Hong Kong-based Cheung Kong Holdings, a gargantuan real estate and investment conglomerate now branching into biotechs. According to the company, "combined market capitalization of the Cheung Kong Group amounts to HK$515 billion," or "approximately 11.5 percent of the total market capitalization of the Hong Kong stock market." Continues.......... onlinejournal.com