America’s failed diplomatic approach towards Beijing & its business community

    WORLD  23 June 2024 - 13:16

    Fifty-two years ago, US President Richard Nixon traveled to the People’s Republic of China and established the basis for a normalization of diplomatic relations between the two nations. As we look back into the nostalgic path of the US-China partnership, the 1970s remain the apex of positive relations between these two major powers.

    Today, they are vexed into a high level of skepticism, and heated spats on almost every issue that affects world affairs, their respective regions, and national economies. In a multi-aligned world or post-American world, the situation becomes even more complex, with America’s role in hosting the type of malignant individuals such as Ju Ma, harming China’s business community and causing various fissures in the already fractured dialogue between Washington and Beijing.

    The efforts of the Biden administration to mend ties and establish channels of dialogue with the Chinese government have so far been unsuccessful, and the financial damage directly caused by the Xunhui Company and its leaders, Wujun An, and Ju Ma, to the Tianzhu Coal Company, is a matter that deserves increased scrutiny.

    It appears that Xunhui’s official representative, Ma, has been hiding in the US for years, guised as a human rights activist, while allegedly causing unnecessary disruption in the ongoing dialogue between Washington and Beijing — allegedly financing anti-Israel protests on US soil.

    On November 25, 2008, Tianzhu Coal Co. Ltd of Yao Jie Coal & Power Group and Mr. Wujun An, Mr. Ju Ma, and Shanghai Xunhui Network Technology Development Co. Ltd. (hereinafter referred to as “Xunhui Company”) together signed the “Equity Transfer Agreement. The agreement stipulated that 80% of the equity of Xunhui Company owned by Mr. Wujun An would be transferred to the plaintiff Tianzhu Coal Company, the total transfer price was RMB 190,000,000 (over $26 million). On December 17, 2008, Tianzhu Coal Company paid the defendant Wujun An RMB 80,000,000 for the transfer of equity.

    On June 7, 2012, Ju Ma and Wujun An and Tianzhu Coal Company, and the third party Huasheng Coal Company, signed the “Equity Transfer Agreement Cancellation Agreement.” Therein, Wujun An and Tianzhu Coal Company agreed to cancel the “Equity Transfer Agreement” signed on November 25, 2008. Wujun An took back 80% of the equity that was transferred to Huasheng Coal Company earlier. Ma was responsible for returning the equity transfer payment that was paid by Tianzhu Coal Company to Wujun An — RMB 80,000,000 (over $11 million), and the investment amount of RMB 6,742,800, with the total amount constituting RMB 86,742,800 ($11.9 million).

    Ju Ma failed to return the equity transfer payment of RMB 80,000,000 paid by Tianzhu Coal Company to Mr. Wujun An, as well as the investment payment of RMB 6,742,800, totaling RMB 8,674,800, as agreed in the “Equity Transfer Agreement Cancelation Agreement.” In December 2015, Tianzhu Coal Company filed a lawsuit with the Lanzhou Intermediate Court, requesting that the defendants Ju Ma and Wujun An be ordered to jointly pay Tianzhu Coal Company to return the equity transfer payment and investment with a total amount of RMB 86,742,800, plus interest of RMB 9,964,600 (as of December 20, 2015), totaling RMB 96,707,400, as well as overdue interest calculated from December 21, 2015, to the date of repayment in accordance with the bank’s loan interest rate for the same period.

    On February 20, 2017, Ju Ma appealed to the Gansu Provincial High People’s Court against the first instance judgment, and on February 22, 2017, Tianzhu Coal Company also appealed to the Provincial High Court against the judgment about the interest calculation, and on June 20, 2017, the Provincial High Court issued a civil judgment — “(2017) Gansu Province Civil Final No. 250.” The final judgment rejected the appeal and affirmed the original judgment, and the litigation costs of the second trial should be borne by each of the appellants.

    The State Department must be creative in investigating matters such as the ongoing fiasco surrounding the Xunhui Company, which has enabled its representatives to hide in the US Any country would reject such nefarious behavior.

    Given these circumstancesJu Ma has allegedly been ignoring China’s judicial system and continues to funnel money to pro-Palestinian organizations that finance violent protests throughout US universities and major cities. Ma purports to be a human rights activist to continue avoiding a trial against him in China; and lives off money that he has allegedly stolen from Tianzhu Coal Company.

    America’s diplomacy with China must also avoid the pitfalls of the approach pursued by lawmakers such as US Rep. Sara Jacobs (D-51) of San Diego County, who in 2022 circulated a letter among the House of Representatives as part of an effort to water down legislative proposals that sought to curb China’s malign influence. Rep. Jacobs, whose views on Israel and the Palestinians have been the subject of vigorous debate in the aftermath of the October 7 Hamas terrorist attacks and during the ensuing Iron Swords War, also deserves scrutiny for her position on China.

    The US cannot afford to become a melting pot of white-collar criminals who continue to undermine the White House. America’s failed diplomatic approach towards Beijing and its business community has been laid bare.

    The US cannot afford to become a melting pot of white-collar criminals who continue to undermine the White House. America’s failed diplomatic approach towards Beijing and its business community has been laid bare.

    By Peter Tase

    Caliber.Az

    Subscribe to our Telegram channel


Read also

SpaceX rocket accident leaves company’s Starlink satellites in wrong orbit

13 July 2024 - 16:14

EU seeks to renew ties with Türkiye Amid Ankara’s shift towards rivals

13 July 2024 - 20:00

Children killed in Nigeria school collapse

13 July 2024 - 15:24

Israeli military targets Hamas paraglider warehouse in Rafah

13 July 2024 - 17:57

Poland mulls proposal to intercept Russian missiles over Ukraine

13 July 2024 - 17:32

Chinese, Belarusian troops begin live-fire phase in joint drill

13 July 2024 - 13:24
ADVERTS
Video
Latest news

    EU seeks to renew ties with Türkiye

    Amid Ankara’s shift towards rivals

    13 July 2024 - 20:00

    PM Kobakhidze sets 2030 goal for Georgia's EU integration

    13 July 2024 - 18:10

    Israeli military targets Hamas paraglider warehouse in Rafah

    13 July 2024 - 17:57

    Former Armenian defence official accused of illegally selling military pantheon lands

    13 July 2024 - 17:45

    Poland mulls proposal to intercept Russian missiles over Ukraine

    13 July 2024 - 17:32

    President Ilham Aliyev endorses agreements with UN, Ethiopia

    13 July 2024 - 17:20

    Turkish forces tighten grip on PKK in northern Iraq, uncover terrorist depots

    VIDEO

    13 July 2024 - 17:08

    Türkiye seizes 1,564 firearms in nationwide crackdown on illegal weapons

    13 July 2024 - 16:56

    COP29 President, OSCE chief mull Azerbaijan's vision for climate conference

    13 July 2024 - 16:42

    President Aliyev hosts OSCE Secretary General to discuss COP29, regional co-op

    13 July 2024 - 16:33

    Sullivan engages with Indian counterpart amid US concerns over Modi's Russia visit

    13 July 2024 - 16:28

    SpaceX rocket accident leaves company’s Starlink satellites in wrong orbit

    13 July 2024 - 16:14

    Elon Musk accuses EU of covert deal as X faces digital services act violations

    13 July 2024 - 16:00

    Azerbaijan’s Foreign Ministry extends national day greetings to Montenegro

    13 July 2024 - 15:48

    Azerbaijan, OSCE focus on prospects for bilateral cooperation

    Regional, international security issues

    13 July 2024 - 15:36

    Children killed in Nigeria school collapse

    13 July 2024 - 15:24

    Azerbaijan sees surge in air passenger traffic, led by Russia and Türkiye

    13 July 2024 - 15:12

    Azerbaijani servicemen shine in Aktau-hosted military drills

    PHOTO/VIDEO

    13 July 2024 - 15:00

    What does Azerbaijan want from Armenia?

    National interests over maximalism

    13 July 2024 - 14:48

    Fatal bus crash in Türkiye's Mugla leaves two dead, dozens injured

    PHOTO

    13 July 2024 - 14:36

    Georgia, Armenia explore strategic partnership, regional stability

    13 July 2024 - 14:24

    Border incident reinforces Azerbaijan's stance on Zangazur corridor security

    Post-conflict focus

    13 July 2024 - 14:15

    Azerbaijani Constitutional Court chairman highlights key issues in Armenia-Azerbaijan peace talks

    13 July 2024 - 14:12

    Unexpected victory: Pezeshkian's win signals hope for Iran's future

    Will he be up to expectations?

    13 July 2024 - 14:00

    Azerbaijan-Armenia: Three gradations of accord: Where are we now?

    Contemplations with Orkhan Amashov/VIDEO

    13 July 2024 - 13:48

    Iran’s new president outlines plans for strengthening relations with neighbors

    Achieving regional stability

    13 July 2024 - 13:36

    Chinese, Belarusian troops begin live-fire phase in joint drill

    13 July 2024 - 13:24

    Azerbaijan-Pakistan: Trade under preferential conditions

    Following President Aliyev's visit

    13 July 2024 - 13:18

    UN calls on Russia to withdraw from Europe's largest NPP in Ukraine

    13 July 2024 - 13:12

    Azerbaijan, Montenegro enjoy good traditions of friendship, cooperation - President

    13 July 2024 - 13:02

    French left rejects Macron’s call for unity

    Tensions rise Ahead of 2024 Olympics

    13 July 2024 - 13:00

    Armenia to face CSTO contribution for 2025

    Despite 2024 payment refusal

    13 July 2024 - 12:48

    Azerbaijan-Pakistan forge deeper bonds

    Strengthening centuries-old brotherhood

    13 July 2024 - 12:36

    Russia intercepts drones over Belgorod, Kursk, Rostov regions

    13 July 2024 - 12:24

    Poland recognizes 1944 Crimean Tatar deportation as genocide

    13 July 2024 - 12:12

    West attempts to pull Armenia away from CSTO

    Russian representative says

    13 July 2024 - 12:00

    North Korea decries "illegal" joint NATO declaration

    13 July 2024 - 11:48

    Khankandi operation uncovers Armenian weapons cache

    VIDEO from Azerbaijan’s Interior Ministry

    13 July 2024 - 11:36

    Israel challenges Türkiye's NATO membership amid dispute over NATO co-op

    13 July 2024 - 11:24

    Biden says Israel, Hamas agree on framework for Gaza ceasefire

    13 July 2024 - 11:12

All news