China's ongoing shadow war with the U.S. involves laundering drug money for Mexican cartels, which fuels the deadly fentanyl overdose epidemic and sows discord in American institutions. Investigations reveal a mutually beneficial relationship between China and Mexican cartels, specifically the Sinaloa Cartel and the Jalisco New Generation Cartel. President Xi Jinping had pledged cooperation to help America with its fentanyl problem, yet his government is subsidizing and profiting from the drug trade. The FY25 Defense Appropriations Bill, which the House will consider this week, addresses these Chinese-driven exports of fentanyl-related products by providing increased funding for National Guard counterdrug programs. Rich Chinese individuals evade capital controls by paying Chinese exporters to send goods to the Sinaloa cartel in Mexico, in exchange for claims on U.S. dollar cash accumulated by the cartel’s drug dealers in Los Angeles. This situation has been described as the 'New Opium War' and involves organized crime groups.
It’s not really the cartels, it’s China and our regime. China lets the factories that make the precursors for these horrid chemicals get away with it and export them to Mexico. It knows what they’re up to but lets them continue Our regime then lets the fentanyl pour across… https://t.co/IPmpsSHUq4
FT Exclusive: Officials say Chinese organised crime groups are laundering much of the cash accumulated by Mexican drugs cartels selling Fentanyl in the US https://t.co/OJAc9zIb0M https://t.co/FLZthm1kgT
A new money laundering network has evolved marrying two powerful forces—the huge stockpiles of cash accumulated by Mexican drug cartels in the US, and the growing volume of capital seeking an escape route from China. @JoeMillerJr & @JKynge investigate https://t.co/cUU96mhIEq
The new money laundering network fuelling the fentanyl crisis https://t.co/BmbNL5xHfb
Good Matthew Klein piece on how Mexican drugs and Chinese capital flight affect Chinese trade and balance of payments data. China's real trade surplus is likely greater than the official numbers because of disguised capital flight. @M_C_Klein https://t.co/lu5pKVCkgr
"Rich Chinese evaded outbound capital controls by paying Chinese exporters to send goods to the Sinaloa cartel in Mexico, in exchange for claims on the U.S. dollar cash that the cartel’s drug dealers had accumulated in Los Angeles."— @M_C_Klein's scorcher: https://t.co/qe8mRi6Qko https://t.co/U3x0zqYhwQ
New at THE OVERSHOOT: Mapping Chinese Capital Flight via the Sinaloa Cartel https://t.co/2j8z8CFhKX <-- The DOJ is charging some creative intermediaries for figuring out how to match drug dealers who want to launder dirty money with rich Chinese who want to invest in the U.S. https://t.co/OfpaEA7UTx
In today's #threatstatus newsletter: China’s ongoing shadow war with the U.S. involves cleaning drug money for Mexican cartels so the gangs can fuel the deadly overdose epidemic and sow discord in American institutions. https://t.co/v6L6mNLKPa
The FY25 Defense Appropriations Bill the House will consider this week directly addresses these Chinese driven exports of fentanyl-related products by providing increased funding for National Guard counterdrug programs. https://t.co/RtaXumwi8h
China quietly uses cartel drug trade to upend American harmony at home https://t.co/q5G21gPMHQ https://t.co/rXIHLNt3B4
The New Opium War is Fentanyl Recent reporting and investigations continue to shed light on the China Connection to the deadly trade in Fentanyl. Specifically, the mutually beneficial relationship with the Sinaloa Cartel or its rival, the Jalisco New Generation Cartel. Putting… https://t.co/D70DLufUo3
“President Xi Jinping met with @POTUS last fall, and pledged cooperation to help America with its fentanyl problem. At the same time — his government was subsidizing, encouraging and making profits from this drug trade.” - Chairman @RepMoolenaar on @NewsNation https://t.co/91dDWIrDQd
China's ongoing shadow war with the U.S. involves cleaning drug money for Mexican cartels so the gangs can fuel the deadly overdose epidemic and sow discord in America's institutions, according to an analyst who spoke with The Washington Times. https://t.co/jSQIquBL09