How the CCP cheats people by turning exports into domestic sales

Author: Wen Hong
Translator: Christine
Editor: Lish

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The Daily Caller (Nov. 22, 2020) reports, ” according to information filed this week with the Department of Justice under the Foreign Agents Registration Act, China Daily, an English-language newspaper controlled by the Chinese Communist Party’s Ministry of Propaganda, paid nearly $2 million to U.S. media companies for printing and advertising. Those media companies are the Wall Street Journal, Los Angeles Times, Foreign Policy, Financial Times, Houston Chronicle and Boston Globe.

From this point of view, it is not surprising that the U.S. mainstream media have distorted the facts and inverted the truth, because there is a shadow of their financial backers. How do the Chinese Communist Party and the so-called “mainstream media” cooperate in the war of public opinion and news? We can run through the lineage of their cross-pollination in a recent article in

An article published by the Chinese Communist Party’s state-run media, “cankaoxiaoxi” on November 20, titled “British Media: Foreign Investors Flocking Back to China.” This article reprinted from a November 19 article on the Financial Times website, “Foreign Investors Flocking Back to Fast-Growing China.” The article inferred that driven by China’s economic recovery, in addition to the increase in foreign direct investment, a large amount of capital has poured into China’s financial markets, pushing the exchange rate of the renminbi to the highest level in recent years. China’s economy is expected to grow by about 2% this year, while the rest of the world’s economy is expected to contract. The argument in this article is based on two main points.

1. Ivanhoé Cambridge, which invests in international real estate for the Quebec pension system, has invested $2 billion in China’s logistics industry. In June, George Agethen, the company’s senior vice president for the Asia Pacific, said, “There is no doubt that we have been doing everything we can to invest quickly and responsibly in China’s logistics industry. “Interest in China and Chinese logistics is everywhere,” he said, “and the investors I know think it’s a good idea.”

2. Alicia Garcia Herrero, the chief economist for the Asia Pacific region at BNP Paribas, said, “This shows that China is an attractive investment destination, and it is equally attractive for portfolio investment funds.” She said, “In general, China has better relative growth and higher returns.” She believes that foreign investors are more enthusiastic about investing in China than in the past. Despite this year’s geopolitical tensions, the epidemic is fueling a long-standing investment trend in China.

It is fair to say that this so-called third-party report by the authoritative mainstream media outlet, the Financial Times, succeeded in confusing some ordinary people in China and boosting the morale of the Chinese Communist Party (CCP) in its current unprecedented domestic downturn. However, is this really the case?

According to Wikipedia, the Financial Times (FT) is an English-language newspaper that focuses on financial reporting, based in London, England. It is 100% owned by the Japan Economic News, which is known for its opposition to the Japanese Prime Minister’s visit to the Yasukuni Shrine and is more concerned about China’s rapid growth than any other media in Japan. The economic situation, fewer articles on China’s democratization and pursuit of freedom. According to Radio France Internationale, the Nihon Keizai Shimbun “focuses on the economy and represents the Japanese economic community’s pro-China position.

We don’t know if the FT has any back-room deals with the CCP, but we can see what its position is by looking at the Nikkei Chinese website, which is a direct subsidiary of the FT. The headline article on November 24, “Global auto industry’s center of gravity is shifting to China”; the article on Politics and Economics, “Japan, US and Europe all have lower GDPs than before the Covid-19, only China is different”; and the article “Positive growth back in April-June at the earliest”,  China has surpassed its pre-Covid levels”. I’m sure we all know what kind of media this is.

Take a look at the financial times interviewee, Ed Jian, senior vice president for the Asia Pacific at Ivanhoé Cambridge, who has an impressive resume on LinkedIn.

2012 ~2014, 2 years, Executive Director, Head of Capital Markets, Harvest Real Estate Investments (HREI).

May 2014 ~ July 2015, 1 year and 3 months, Ping An Insurance (Group) Co.

March 2016 ~ Present, 1 year and 9 months, Member of the Board of Directors of LOGOS Group.

August 2019 ~ present, 1 year and 4 months, Chongbang Group.   

August 15, 2015~ present, Ivanhoé Cambridge, Senior Vice President of Asia Pacific 

First fromleft George Agethen (Adrian) Photo Source: MIPIM World Blog

First fromleft George Agethen (Adrian) Photo Credit: MIPIM World Blog

There is no doubt that Agethen is an aristocrat who was born with a golden spoon in his mouth, but his rocketing resume clearly shows the red elite’s shadow. None of us is conspiracy theorists,  but after three years of following the whistleblower Movement, we all have developed a keen eye for such things. For example, a so-called Vietnamese orphan became the Vice-Chancellor of Germany, Guan Jun, and Liu Chengjie control trillions of dollars of capital at young age, and the Poor international student Zhang Xin returned to China to build SOHO China. It’s not about the legend but the father (genetic lineage). Before joining the Canadian firm, Agethen spent more than a year as a senior executive director at Ping An Trust. He was responsible for building a multi-asset real estate portfolio that made global investments in affiliates of the Chinese insurance giant, according to Mingtiandri. It has become clear to friends of the Whistleblower Movement that the Xi Jinping family controls Ping An, and it is only natural that Agethen is now singing the praises of his master.

Alicia Garcia Herrero, the other interviewee of the Financial Times, is a senior researcher at Bruegel and NATIXIS Asia Pacific chief economist and is currently an adjunct professor at the City University of Hong Kong and the Hong Kong University of Science and Technology. She is also a Visiting Professor at the China Europe International Business School (CEIBS). Her research focuses on emerging market finance and specific monetary policy topics, with a particular interest in China. She has been quoted in China Daily, Netease Finance, Sina, and the Global Times (from Wikipedia).

Second from left Alicia Garcia Herrero Photo credit: South china morning post

Second from left Alicia Garcia Herrero Photo credit: South China Morning Post

She has several articles on China-related topics on China-US Focus, the only English-language commentary website in the world focusing on U.S.-China relations, founded in 2011 in Hong Kong by the China-U.S. Exchange Foundation (CUSEF) (Baidu Commentary). The China-U.S. Exchange Foundation (CUSEF), in a recently released report by a U.S. Congressional committee, has been named the Chinese Communist government’s overseas counterpart for its united front work. We are not sure of the economist’s political position, but her representative articles below show that she is an imperial economist for the Chinese Communist Party.

Article 1: “China’s Grand Strategy for the U.S.: Growth, Winning Allies, Technology Acquisition,” 2019-02-28

Opinion: Competition with the United States and U.S. efforts to contain China have prompted Chinese officials to respond with an all-encompassing, vague strategy rather than specific, measurable tactics. Since the beginning of the year, tensions have been the defining feature of the U.S.-China bilateral relationship. China is now focusing on building external alliances to stimulate domestic growth at any cost while accelerating its move toward technological self-reliance.

Conclusion: It shows the support for the Chinese Communist Party and the standpoint for the Chinese government.

Article 2: “Prospects for Economic Reform from China’s Constitutional Revision”, 2018-03-12

Opinion: The removal of term limits on the presidency and the inclusion of party leadership and Xi Jinping’s ideology in the constitution will pave the way for Xi Jinping to remain in power after his second term in 2023. While this is undoubtedly important for economic reform, its impact cannot yet be assessed, as it depends on President Xi’s ultimate willingness to implement reforms. For China watchers, this is also the most critical prediction they will have to make shortly.

Conclusion: She has no position on constitutional revision.

To summarize, the significant outreach of the so-called mainstream foreign media and several of the figures mentioned in the article, as reprinted in “cankaoxiaoxi”, is as follows.

In connection with the extensive advertising and printing fees paid by China Daily to the American media at the beginning of this article, the Chinese Communist Party has taken control of a large number of overseas mainstream media through various forms of profit-shifting and intending to take over the public opinion media high ground. The article in “cankaoxiaoxi”  also uses the so-called third-party independent media to give a facade to its weak rolling pin economy with the views of overseas Chinese elites (Red Gene) and imperial economists. In fact, the Financial Times is no longer an independent media. Both the press and the interviewees have conflicts of interest, and its articles inevitably lack credibility.  ” To whitewash the continuous outflow of foreign capital from the country, the Chinese Communist Party is trying to hoodwink the domestic public through the “cankaoxiaoxi”. Today, if we look at the context of such articles, we can better recognize the essence of the so-called mainstream media and understand the importance of GTV and GNEWS, the platform for the Whistleblower Movement


1. The Daily Caller article.

2、Introduction to Ivanhoé Cambridge website


(The content of the article represents the views of the author only)

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