This is about the most recent Chinese banwww.newsmax.com/archives/articles/2003/5/27/133053.shtmlcns.miis.edu/pubs/week/030530.htm
I found this quote from another source interesting:
"In July 1998, President Jiang took this a step further to call on the military remove itself from commercial operations altogether.
As the military controls perhaps 15,000 small and medium size enterprises and as many as 1,000 large-scale enterprises, successful consolidation and transformation of this sector will contribute markedly to the overall success of Chinese economic reforms. Although the final structure remains uncertain as of the summer of 1998, it appears that the five main military industry departments will spin-off five industrial bureaus in a new defense industrial committee under the State Council."
Another quote from another source"
"Investor's Business Daily 5/19/99 John Berlau "...The road from Beijing to the White House appears to take many detours through Arkansas. It was there, as attorney general and governor, that Bill Clinton met Indonesian businessmen Mochtar and James Riady and restaurant owner Charlie Trie, key figures linked to the Chinagate scandals. But more recently, another possible connection has emerged - through the $7.5 billion Arkansas Teacher Retirement System. In the past few years, the ATRS has invested in companies linked to Chinese intelligence.... At least four companies the ATRS has invested in - the China Ocean Shipping Co. (Cosco), China North Industries (Norinco), China Resources Enterprises and China Travel - ''historically and currently have been used by Chinese military intelligence,'' Timperlake said..... A year earlier, a Cosco ship was caught smuggling 2,000 automatic weapons destined for Los Angeles gang members into the port of Oakland, Calif.
Even so, according to the American Spectator, ATRS added $500,000 in Cosco shares after the ship's capture. The Washington Times has reported that Cosco also delivered nuclear weapons components to Pakistan and Iran..... Norinco. The ATRS has also invested at least $334,000 in Norinco, the company that made the automatic weapons that were seized in Oakland. One month after Norinco officials were arrested, one of Norinco's partners attended a coffee at the White House..... Pension fund documents obtained by Investor's Business Daily show that in 1997, the ATRS invested at least $748,000 in China Resources and held shares in China Travel. Both companies are used as cover for spying operations, China experts say. In his book ''Chinese Intelligence Operations'' (Newcomb Publishing, 1998), Defense Intelligence Agency analyst Nicholas Eftimiades wrote that at least one vice president of China Resources is typically a military officer who ''coordinates the collection activities of other intelligence personnel under (the company's) cover.'' Former Arkansas State Auditor Julia Hughes Jones recalls that in 1993, Charlie Trie gave her the card of a woman who headed China Travel in Beijing. Jones says she found it odd that Trie wanted her to use China Travel for official Arkansas business inside the U.S. Jones said she now believes Trie -whose trial started this week - was promoting China Travel because he was ''trying to get in good with the (Chinese) military.' Both companies are also partners of the Riadys in various China ventures....""
All this stuff can be found with a google search