Boeing almost sold secret satellite tech to the Chinese

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Global IP received about $200 million dollars for the Boeing satellite from a financial firm called China Orient Asset Management Company, which is owned by none other than China’s Ministry of Finance, According to the Wall Street Journal. They used offshore companies to funnel the money, which eventually made its way to Boeing. A close, personal friend of China’s President Xi was even involved in the deal. The Resident breaks down the sordid story.

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