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https://www.tabletmag.com/sections/news/articles/lee-smith-china-coronavirus-1

For Kissinger, as for others, there was money at stake as well. “Kissinger was completely ‘played’ by the party,” says one experienced D.C. China hand. “His consulting enterprise, Kissinger Associates, built their ‘business’ around enabling the Chinese Communist Party and convincing Western business leaders that they needed to leave their ‘business judgment’ at the border and simply accept the party’s conditions as the price of entry into the China market.”

The links between leading American politicians and companies and the Chinese leadership are now likely to come under increased scrutiny.

First on that list of those deserving of close attention is the senior U.S. senator from California, Dianne Feinstein—a longtime member of the Senate Select Committee on Intelligence—who briefly made headlines a few years ago when reports surfaced that she had been forced to fire a longtime aide after learning from the FBI that he had been recruited on behalf of the People’s Republic of China (PRC).

No one represents the marriage of American policy toward China and doing business with the PRC better than Feinstein. Her promotion of trade with China to advance the interests of her constituents turned into apologetics on behalf of the Communist Party, as it aided her political ascent and augmented her husband’s portfolio. In October, USA Today listed Feinstein as the sixth-richest member of Congress, with a net worth of $58.5 million—a sum that vastly understates her actual wealth. Richard Blum, her husband, is himself worth at least another $1 billion.

When Feinstein was first elected to the Senate in 1992, Blum’s interests in China amounted to less than $500,000. She was named to the Senate Foreign Relations Committee in 1995 and by 1997, according to the Los Angeles Times, “Blum’s interest had grown to between $500,001 and $1 million.”

In 1994, Blum’s company, Blum Capital, had entered a joint venture to found Newbridge Capital, specializing in emerging markets, including Asia. Blum said in 1997 that less than 2% of the approximately $1.5 billion that his firm managed was committed to China. He held a $300 million stake in Northwest Airlines when it operated the only nonstop service from the United States to cities in China. In 2002, Newbridge was negotiating to acquire 20% of Shenzhen Development Bank. After some rough seas, it paid $145 million for an 18% share two years later, marking the first time a Chinese bank came under control of a foreign entity.

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