Rather, casual employment “has generally been regarded as employment in which there is an absence of entitlement to paid annual leave or sick leave”, according to a guide published by the Australian Parliamentary Library.’
–casual workers receive a higher hourly rate of pay including a casual loading, of an additional 25 per cent
-casuals are entitled to two days of carer’s or compassionate leave per occasion, and 5 days’ unpaid family and domestic violence leave within a 12-month period
How many casuals are there in Australia?
‘As a proportion of all workers in Australia — of which there are around 12.8 million — casual workers make up 20 per cent, or one in five.’
Casual employment over time
Fact Check found that since 1997 around 24 to 25 per cent of all employees were employed on a casual basis, according to ABS data.
-the impact of recession and weakening of unions led the growth of casual employment
-from the 1980s to the mid-1990s workers lost ground over working conditions
-with increase in longer working hours, unpaid overtime and casualisation
-a consequence of two major recessions; weakened unions; decreased workers’ bargaining power
Other workers without leave entitlements
-self-employed Australians also lack the paid-leave entitlements available to employees on part-time or full-time contracts
-with 2.2 million self-employed Australians
-including either owner-manager of incorporated business, or owner-manager of unincorporated business, and include those working in the gig economy, such as Uber drivers
So how many workers don’t have paid leave entitlements?
The ACTU’s claim that 3.3 million Australian workers were without paid leave entitlements is likely an understatement
Characteristics of workers without paid leave
-casual employees likely to be younger; work in the hospitality and retail industries
-most workers without paid leave were in industries “especially vulnerable to shutdown” such as cafes, restaurants and takeaway food services
FINALLY … from this Sunday 5 April 2020 all applications are said to now be examined by the FIRB to stop Chinese (CCP) takeovers of distressed Australian assets … yet despite this the move is not an investment freeze! WT *%#**
Are they so rusted on … ?
‘At the moment, foreign investors need to apply for approval before purchasing land or assets in Australia if the value is over a certain threshold.
For private investors from free-trading agreement partner countries, that limit ranges from $50 million to $1.1 billion, for land and non-land proposals.’
HOW come Government members believe such a change will stop China taking advantage of our declining financial position to grab more critical assets?
When the Chair, David Irvine remains in this role …
… this FIRB Apparatchik believes it doesn’t matter who owns Australia – just about anything here in Australia – so long as it meets some simple rules and rather limited circumstances!
It is simply amazing to read he even is prepared to admit to such a World view!
-Irvine has been a member of the FIRB since 2015 and Chair since 2017
DESPITE Australia’s weakened position created by the WUHAN VIRUS the Scomo Guvmnt is not PREVENTING the CHINESE acquiring even more of Our National Estate! WT ^&% … that Australia ‘recognised investment during the coronavirus outbreak was still beneficial … ‘
HOW can temporary measures safeguard Australia’s national interest?
HOW does Liberal MP Andrew Hastie, Chair of the Parliamentary Joint Committee on Intelligence and Security believe that these temporary measures will protect Australian companies from such rapacious moves?
“Aussie businesses have taken some big hits through the COVID-19 pandemic,” he said.
“We need to protect our most vulnerable from authoritarian states angling for bargains through their business fronts.
Tita Smith wrote in The Daily Mail Australia, ‘Pauline Hanson warns mass Chinese buy Australia amid CoronaVirus Recession’
Good … but seriously has Pauline Hanson gone far enough?
Despite the fact Pauline may have said what is right on this occasion … it’s not too deep!
Sadly once again it is nothing more than Rhetoric … because Pauline either votes, gives her preferences or does deals with the Liberal Coalition
SO what she says goes nowhere because of the Coalition’s pooor policies!
There have been 23,000 shares of this report. Are Australians questioning why was Ms Hanson so respectful of the FIRB Chair, David Irvine?
WHAT is more shocking it appears this FIRB Apparatchik believes it doesn’t matter who owns Australia – just about anything here in Australia – so long as it meets some simple rules and rather limited circumstances!
It is simply amazing to read he even is prepared to admit to such a World view!
-Irvine has been a member of the FIRB since 2015 and Chair since 2017
WHY wasn’t the FIRB called into question at least halfway between 2007 and 2017? So that the sell out did not reach some 12,000 approved applications!
We believe the foreign sell-off is likely to be higher than that figure with access to an onshore Proxy, and through Visa manipulation allowing foreign buyers to gain a Permanent Resident Visa following purchase!
WAIT! There’s more …!!
DEMAND from wealthy Hong Kong business people for Australian property is at the highest level for five years … (August 2019)
–obtain their visa before purchase to avoid the foreign buyer tax
IT appears they have the game sewn up as they continue to rely on greater China and South-East Asia as the sources of their income while enjoying the benefits of Permanent Residency in Australia … incl. Medicare …
Real Estate expert, Doug Driscoll said in ‘Fears one Million Aussie Homes could soon be owned by Foreign Buyers’:
Australia is selling off natural resources, farmland and property to China at a “crazy” rate — putting us at risk of becoming the “24th province” of the East Asian behemoth.
Doug warned of the urgent need to start a national conversation about foreign ownership of residential property in particular.
Interest from overseas buyers waned in recent years but the overall rate of foreign ownership was still high and then towards the latter half of 2019 until the past week or so the interest was again very high!
And he said a report released last month by Chinese international property portal Juwai.com showed there was now an “insatiable appetite” for Australian property among Chinese buyers, with our softening housing market boosting interest. *
IS it not obvious that the role of the FIRB is contrary to Australia’s interests?
In allowing all but five sales to foreign buyers particularly CCP representatives and organisations
WHENEVER before has this Nation sold off so much of its Property, its Title Deeds … its National Estate?
The CCP, their members, the Diaspora will continue to take the opportunity esp. with house prices to plunge 20% … with higher unemployment … before the CoronaVirus it was 19.7% … not the fudged 5.1% … what is the real percentage now??
Pauline Hanson warns of mass Chinese buy up of Australia amid coronavirus recession sparked by soaring unemployment, plunging stocks and tumbling house prices
One Nation leader Pauline Hanson has penned a letter to Prime Minister Scott Morrison
One Nation leader Pauline Hanson has penned a letter to Prime Minister Scott Morrison
She issued the warning in a letter to Prime Minister Scott Morrison amid growing concerns about the coronavirus panedmic.
Pauline wrote to the PM …
‘Our unemployment numbers are surging, our stocks have been knee-capped, housing prices are set to fall, and our dollar is weakened which places Australia in the most vulnerable position we have seen for a very long time,’ she said.
‘I won’t tolerate China or any other country coming in here and buying Australia up for a song, leaving our people without a say.’
‘What’s happening right nowin this country and right across the globe should be a wakeup call to all politicians, stop allowing the sell-off of our industries and manufacturing and start investing in ourselves. Water, manufacturing, industry, agriculture, and jobs for Australians.‘
ISN’T it time Pauline Hanson, and opposition parties pressed with more serious questions?
HOW come in 2018 the FIRB allowed critical infrastructure transactions totalling more than $40Bn approved in 3 years?
Pauline is correct approvals have been granted too freely, and how can that be in Australia and its constituents best interests?
We put it to Ms Hanson that this matter goes beyond the tenure of David Irvine and a handful of part-time members because how can 12,000 applications with a rejection of a mere five be justified?
WHY doesn’t Ms Hanson ask the questions of the Prime Minister and the Liberal Coalition:
How can the existence of the FIRB be justified?
Why have a “Foreign Sales Agency’ of our National Estate? What other nation does this?
‘’Between 2007/08 and 2017/18, the Foreign Investment Review Boardreviewed almost 12,000 applications and rejected just five,’ she said.
‘How can the FIRB, which has one permanent employee and a handful of part-time members, give proper consideration to the sale of so many Australian assets?
WHY isn’t the FOREIGN INVESTMENT REVIEW BOARD disbanded? It is acting contrary to the interests of Australia with the sell-off of Our National Estate.
And our leading export industry appears to be the export of Our Title Deeds! Especially to Communist China of:
‘The country is at risk of becoming the “24th province of China” as we fail to “stem the tide” of foreign investors, an expert has warned.’
November 2019 it was reported that more than a third of the most expensive homes in Australia were bought by super rich Chinese entrepreneurs:
.vast cattle stations, cotton growing e.g. Cubby, sheep stations, vineyards, water, grain crops, vegetables and fruit crops, dairy (most of Australia’s dairy industry!!~)
Ms Hanson said:
‘It can’t and therefore they aren’t looking out for the best interest of all Australians and need to be stopped.’
THE SOLUTION … would appear obvious to us … before there is nothing left … Disband the FIRB!
She added that Australia’s reliance on other countries for goods while selling its own, was responsible for crushing the economy amid the crisis.
‘The faith the Liberal and Labor parties have placed in globalisation has been shown up as a failure off the back of this pandemic,‘ Ms Hanson said.
‘What’s happening right now in this country and right across the globe should be a wakeup call to all politicians, stop allowing the sell-off of our industries and manufacturing and start investing in ourselves. Water, manufacturing, industry, agriculture, and jobs for Australians.’ …
‘Senator Hanson has predicted foreign investors will snatch up Australian properties if house prices drop during an economy slump induced by the coronavirus pandemic. …
‘Earlier this week, Australian Council of Trade Unions secretary Sally McManus warned Mr Morrison that two million jobs could be lost in two weeks under the current restrictions.’
‘The severe downturn already occurring in those sectors is sufficient to cause a major recession (destroying 1-2 million jobs in coming weeks),‘ she said in a letter to the Prime Minister on Wednesday.
Daily Mail Australia has contacted the Prime Minister’s Office for comment.
‘China Just Banned All Foreigners From Entering The Country – Episode #22‘
Some notes from this program live streamed:
The program opened with Serpentza discovering he, his organisation had been banned by Lijian Zhao who started the conspiracy rhetoric in China
The thing that reflects the wider attitude towards foreigners now in China -effective now – China is banning the entry of all foreigners; every foreigner.
It does not matter if you have residency, a valid visa, a Chinese wife or family … foreigners will not be allowed to enter unless ‘you are a true blooded yellow skin Chinese …. ‘
That is not racist; that is what they said!
The ban they say is temporary, but it is important for us to see this for what it is!
It is damage control by the Chinese.
People coming back to China are being portrayed as the new carriers of the disease.
–90% of the people coming back are Chinese Nationalists including students
-only 10% of the people coming back into China are foreigners
(until the ban)
It does not make sense; they say it is still foreigners
31 January the United States banned Chinese Nationals from coming in; it did not pertain to people married to U.S. citizens.
Lijian Zhao called it the ‘Wuhan National Virus’! It was a location thing not a race thing! BUT in China it’s a race thing … you are not Chinese you cannot come inside.
You want to see racism you have a look at what China is doing!
The entire World is not able to go into China.
Outbound travellers will still be able to exit the country now; they won’t let you back in.
When other countries were proposing stopping people coming from mainland China that were not citizens it was called racist yet when China does something far worse – this is literally no-one comes in – you could be the head of a Charity that helps Chinese – you are not coming in because you are a foreigner!
Every day the Chinese Stock Market opens if something is doing well it will come up in ‘red’. When you see it in green means it is bad!
A couple of weeks ago when China opened its stock market it was green; now it is all red!
They are injecting massive amounts of cash into the stock market, and it is unsustainable. I think the rest of the World is going to follow suit but the level that China is doing it is insane.
About 17 minutes into the livestream:
What we talk about and what the mainstream media are talking about are on a different page.
However, SKY NEWS AUSTRALIA released a clip last week which shocked Serpentza because of its accuracy!
The Sky News Journalist:
‘I want to talk about China’s culpability and conduct throughout the CoronaVirus crisis that began in a Wuhan wet market. The Chinese Communist Regime not only destroyed evidence and allowed the virus to spread but it arrested doctors who back in December, who tried to warn the World about what was happening in Wuhan.’
Further she related some were arrested; accused of fabricating and disseminating rumours; they have since died; others have vanished.
The virus has caused a global recession!
The livestream then moves onto AUSTRALIA!
‘… because Australia belongs to China. This incredibly risky business!’
We are going to talk about Australia in World News.
They will try to ignore it as much as possible, and sweep it under the rug!
It all comes back to chaos … China is a very chaotic country.
The SARS in 2002/04 it got out when a doctor went to Hong Kong and died there; they figured it ut it comes from Mainland China from a ‘wet market’.
China banned the sale of wildlife animals; the ban probably lasted a couple of months.
Unfortunately the news in America with extremes on each side. Fox News is for the conservatives; others for the Liberals.
Taiwan is fantastic; the way they responded to this outbreak; everyone should be looking at Taiwan and Singapore; looking at the way they dealt with this from the beginning.
It is all about wearing masks, social distancing and testing!
In Canada a restaurant had a sign saying ‘No Chinese allowed’; a restaurant run by mainland Chinese people because they were worried about the virus!
Serpentza then talked about his Friday Video ‘Is China the most Racist Country in the World?
It is incredibly important for you to watch that if you want more insight into what Is going on in China with regard to the anti-foreign sentiment; the barring of foreigners.
Some twiterati are saying ‘the wet market is racist’!
Back to Australia – a group of employees for a real estate group in Australia (Greenland) were given a mandate from the head of the company. This company is heavily tied to the Chinese Communist Party.
They were told to stop all normal operations to go and buy in bulk medical supplies, and they went to the most rural parts of Australia; going into pharmacies buying up every single thing.
They shipped 3 million face masks … all they could get their hands on. This is where things got a bit blurry …
But it’s illegal the way they do things.
They put it on their private company plane; shipped it back to Wuhan.
‘I am all for people sending …. But the way they work is they strip the shelves … they take everything and leave nothing behind … ‘
‘Australian universities are bracing for a significant financial hit if the coronavirus travel ban continues, with more than 80 per cent of Chinese students enrolled at some institutions still stuck overseas as lectures are set to resume.’
IS this an admission that tertiary education in Australia is not about learning but about revenue streams?
WHO got it wrong? … No, they didn’t
WHO got it right? It’s a huge issue but it is clear the universities don’t have a Plan B …
WHY didn’t they have a Plan B when they are supposed to be ‘the best and brightest’ amongst us?
WHY did they put all their eggs in one basket?
WHY were they so disconnected from accounting for risk in their business model?
IF they were so sold on selling…
WHY didn’t they look to other markets and diversify their sources of revenues?
COULD it be the Middle Kingdom made it clear they wouldn’t compete for places, they had a ‘right’ as the major player and would respond in an adverse way if the desired outcome wasn’t achieved in their favour?
WHAT is not liked in one part of the exchange between our economies can easily be addressed in a totalitarian setting, not in our world, it’s not controlled that way!
AND we ought not forget the influence peddling, it matters because it works!
Welcome to your pain Australian Universities, are you going to learn from this experience, or is it a case of business as usual when this current emergency ends, and await the next crisis unchanged?
An estimated 100,000 university students have been held up by the ban
China’s restricted internet is making sending course material challenging
The financial hit to the sector could be high if universities have to refund fees
‘The universities, as well as some secondary schools, are using special online learning platforms, third-party companies with contracts into China, live streaming of classes and even the tech savvy of their students to upload course material, despite the Chinese digital firewall making this challenging. …
Facing a major cost burden
At the University of Sydney, international students from China make up 24 per cent, or about 17,000, of the 71,000-strong student population.
The university said it understood about 14,000 of those remained overseas, based on information from the Federal Government
If the university has to start reimbursing fees or cancelling enrolments, the cost could be very high.
IT appears the only member of the Government who can see ‘the bloody obvious’, and remains without some vested interest is Andrew Hastie! It now appears his concerns have finally impacted the Treasurer …
“More than ever, we need to protect ourselves from geo-strategic moves masquerading as legitimate business,” Mr Hastie said.
From the article ‘Foreign Investment Board braces for Chinese takeovers of distressed Australian assets’ …
‘There is growing concern within the Morrison government about how to handle foreign takeovers of Australian businesses which have ended up in financial strife as a result of the outbreak of the coronavirus.’
AFTER the horse has bolted … isn’t it past the time whereby the FIRB ought be extinguished so it is not there ‘to handle’ the CHINESE GRABS?
That would put an end to ‘attempts by foreign companies, particularly from China, to take over distressed Australian businesses and assets.’
THIS is CAAN’s assessment of this report…
‘Foreign Investment Board braces for Chinese takeovers of distressed Australian assets’
-these foreign corporations have probably already done their research on which sectors, and what companies are vulnerable -they are aware of the weaknesses of our systems; particularly the limitations of the FIRB -they have well-placed ‘influencers’ within commerce, government and diaspora community
DOES DALEY THINK …
– it’s ok for foreign corporations, numerous entities actually state-controlled to own the means of production and assets in Australia? -it’s ok for these corporations to export their profits and the title deeds of assets from our shores? -it’s ok the control of these corporations is in reality not in Australia but off-shore? -it’s ok to be so dismissive about foreign ownership by merely referring to shopfronts? -the interests of these foreign corporations coincide with that of Australia? – it’s ok for these foreign corporations to buy more than 160 tonnes of medical supplies including PPE stocks and export it to their country leaving us with shortages? -does Daley or any of his ilk have any knowledge of ancient history? Have they heard about the ‘Trojan horse’? -have any of those charged with protecting our national interest read Sun tzu’s the ‘art of war’?
DOES DALEY and his ilk choose to recognise it’s not about ‘investment’? Do they ignore the evidence that it’s about:
Kate McClymont reports that a second Chinese developer, COUNTRY GARDEN now known as RISLAND here in Australia have been scooping up some 82 tonnes of medical supplies to serve their hospitals in ‘Second developer flew 82 tonnes of medical supplies to China’. This follows her report on developer Greenland!
“The chartered plane with 90 tons (82 tonnes) of medical supplies, including 100,000 most needed protective coveralls and 900,000 pairs of medical gloves, has successfully departed from Sydney and arrived in Wuhan on 24 Feb,” Risland Australia posted on its LinkedIn page.“
Dr Harry Nespolon, president of the Royal Australian College of GPs in late January raised concerns that masks were in short supply.
HOW long before Home Affairs cracks down on the Daigou, and Australian authorities have the power to seize items on our borders including these medical supplies?
And increased penalties to discourage those mocking our laws and mailing out Australian goods for profit?
IN AUSTRALIA we have one mask maker/supplier, Med-Con near Shepparton, Victoria, in the whole country … now that is what happens when you …
-leave it to the market to determine what happens to local industry
-when you encourage everyone to dive to the bottom
-when you don’t support local industry
-when our pollies have our industry play on a level playing field while the rest of the World laughs at us because no-one else is doing what we do
-when we allow foreigners to buy our means of production and resources
NOW it all makes sense Gladys has been scrambling around avoiding questions about the shortage of PPE
THE REASON …
-Could it be she became aware of the low stock levels here
–Could it be she knew our stocks of PPE had been depleted by ‘private’ sales by Chinese companies acting on behalf of the CCP, and chose not to reveal this to the public?
Hence doctors today are reported by the ABC to be asking why the lack of transparency concerning stock levels of PPE
So, is it now a case of censorship designed to protect the …
.identity of those buying up vast amounts of our PPE stocks? .approval process for this to happen, allowed it, or didn’t do so because:
-approval was avoided owing to the use of private jets and/or diplomatic immunity
-approval was knowingly given under some cosy understanding
-approval was given because Australia was told
. it had to be given or a ‘wave of anti Australian sentiment and retaliatory trade embargoes would follow’?
.together with a local campaign by the diaspora claiming Australia was maintaining racist views
READ MORE in the ABC Report:
‘DOCTORS fighting CoronaVirus want governments to reveal how low mask and gown supplies are‘
‘Australia’s top doctors have called on the federal and state governments to be transparent about how low the supplies of personal protective equipment (PPE) — such as masks, gowns and gloves — actually are.’
Paul Torzillo, executive clinical director at Sydney’s Royal Prince Alfred Hospital, wants authorities to be upfront about PPE stock levels
Melbourne GP Mukesh Heiko says he is almost out of gowns and masks and is scared
The Federal Government has promised to source an extra 30 million medical masks within two weeks
Hospitals and GP clinics across the nation are trying to conserve PPE. Medical professionals are being told stocks are already low, but said they are not being told how low.
“Governments and ministries need to be transparent about what the situation is. What are their stocks, what are we doing to get more stocks?” Paul Torzillo, executive clinical director at Sydney’s Royal Prince Alfred Hospital, said.
“I don’t how much [stock there is] and I don’t think anyone else in the frontline really has that knowledge.
“I think there ought to be a lot clearer guidelines at the state and Commonwealth level.
-the majority of Australia’s PPE is imported from China
-major shortages world-wide
-in Italy, Spain and China the failure to protect health workers resulted in thousands of staff being infected
– 14 Australian Defence Force personnel have joined the production line to ramp up the supply of masks and other medical items
JUST as CAAN indicated earlier today … this is borne out in this Report …
WHY have we allowed a Chinese company to buy just about whatever they like in Australia?
–why have Australian companies tethered themselves so tightly to the reigns of an economy run by a totalitarian regime that can so easily dictate terms and conditions, and the conditions of our prosperity? Our security and well-being?
–they get the very best deal from us in the first place, they do foster competition and buy elsewhere,they most certainly do have a plan ‘B’!
IN today’s SMH Kate McClymont writes, ‘Chinese-backed company’s mission to source Australian medical supplies’
‘As the coronavirus took hold in Wuhan earlier this year, staff from the Chinese government-backed global property giant Greenland Group were instructed to put their normal work on hold and source bulk supplies of essential medical items to ship back to China.‘
THIS was a worldwide company effort in which they sought out mass supplies for China of:
SO blatant was this that Greenland shared the photos and information on social media including the packing pallets at their Sydney headquarters.
All employees … note the majority are Chinese … it appears were acting as Daigou during January and February!
HENCE the shortage of these supplies in Australia!
‘According to a company newsletter, the Greenland Group sourced 3 million protective masks, 700,000 hazmat suits and 500,000 pairs of protective gloves from “Australia, Canada, Turkey and other countries”.’
THIS is an extract from an opinion piece written by an Italian writer currently in isolation in Lombardy, Italy …
We note there are no sources quoted – clearly (and proudly) the author has a dim view of the left and probably of anyone left of Genghis Khan …
Nevertheless – certainly it’s on the money!
Even if it was partially correct …
-there are a lot of lessons in it for Australia, but are we listening?
Hopefully this virus will allow us and the body politic to reassess a lot of things like …
–why do we allow a foreign commie government and their proxy companies to buy just about whatever they like in Australia?
–why have Australian companies tethered themselves so tightly to the reigns of an economy run by a totalitarian regime that can so easily dictate terms and conditions, and the conditions of our prosperity?
–why don’t Australian companies have a plan ‘B’?
.with all their eggs in the same basket has meant we have lost our ability to source what we need from elsewhere particularly as we have systematically dismantled our own capacity to produce just about anything?
–why do we allow the export of the title deeds of our domestic housing to occur?
–why don’t we enact further changes to Anti-Money Laundering Laws to tackle such interests in Australian domestic housing?
-when will our pollies and their parties stand up for Australian interests and stop allowing foreigners owning so much of our industries (the ones we still have), companies, real estate, resources and agricultural assets?
The age old ‘fear’ response, ‘if we aren’t careful they’ll buy what they need from elsewhere’ doesn’t wash because
-they make sure they get the very best deal from us in the first place, they do foster competition and buy elsewhere,they most certainly do have plan ‘B’!
READ THIS EXTRACT FOR THE FRIGHTENING ACCOUNT OF WHAT ITALY HAS LOST TO COMMUNIST CHINA!
EXTRACT … ITALY’S COMMUNIST RECIPE FOR DISASTER
‘Sixty million of us are in lockdown…it is like a war zone here. We are being held prisoner in our 1 / 5 own homes by an unseen enemy that sneaked in unnoticed…by most of us. …
To The Point News The Oasis for Rational Conservatives
Beginning in about 2014 … strange things were happening in Italy’s economy. Banks were failing…but not closing. Retirement ages were being extended…for some reason the pension funds were dwindling or disappearing.
The national sales tax we call IVA (Value Added Tax) rose from 18% to 20%, then to 21% and again to 22%
And in the midst of all this financial chicanery, the Chinese began furiously buying up Italian real estate and businesses in the North. …
A blind eye was being turned to the way the Chinese were buying businesses in the financial, telecommunication, industrial and fashion sectors of Italy’s economy, all of which take place in Milano.
To be brief …China was getting away with purchases and acquisitions in violation of Italian law and EU Trade Agreements with the US and the UK…and no one in either of those countries (not Obama in the US or Cameron in the UK) said a thing in their country’s defense.
As a matter of fact, much of it was hidden from the public in all three countries.
In 2014, China infused the Italian economy with €5 billion through purchases of companies costing less than €100 million each. By the time Renzi left office (in disgrace) in 2016, Chinese acquisitions had exceeded €52 billion. When the dust settled, China owned more than 300 companies…representing 27% of the major Italian corporations
The Bank of China now owns five major banks in Italy… all of which had been secretly (and illegally) propped up by Renzi using pilfered pension funds!
Soon after, the China Milano Equity Exchange was opened and much of Italy’s wealth was being funneled back to the Chinese mainland.
Chinese state entities own Italy’s major telecommunication corporation (Telecom) as well as its major utilities (ENI and ENEL). Upon entry into the telecommunication market, Huawei established a facility in Segrate, a suburb of Milano. It launched is first research center there and worked on the study of microwaves which has resulted in the possibly-dangerous technology we call 5G.
China also now owns controlling interest in Fiat-Chrysler, Prysmian and Terna. You will be surprised to know that when you put a set of Pirelli tires on your car, the profits are going to China. Yep…the Chinese colossus of ChemChina, a chemical industry titan, bought that company too!
Last but not least is Ferretti yachts…the most prestigious yacht builder in Europe. Incredibly, it is no longer owned by the Ferretti family. But the sector in which Chinese companies invested most was Italy’s profitable fashion industry. The Pinco Pallino, Miss Sixty, Sergio Tacchini, Roberta di Camerino and Mariella Burani brands have been acquired by 100%.
Designer Salvatore Ferragamo sold 16% and Caruso sold 35%. The most famous case is Krizia, purchased in 2014 by Shenzhen Marisfrolg Fashion Company, one of the leaders of high-priced, ready-to-wear fashions in Asia. …
Quite literally, tens of thousands of Chinese came in through Milano (illegally) and went back out carrying money, technology and corporate secrets.
Thousands more were allowed to enter and disappeared into shadows of Milano and other manufacturing cities of Lombardy, only to surface in illegal sewing shops, producing knock-off designer clothes and slapping ‘Made In Italy’ labels on them.
All with the tacit approval of the Renzi government. It was not until there was a change in the governing party in Italy that the sweatshops and the illegal entry and departure of Chinese nationals was stopped. Matteo Salvini, representing the Lega Nord party, closed Italy’s ports to immigrants and systematically began disassembling the sweatshops and deporting those in Italy illegally. ….
Access was again provided to the Chinese, under the old terms, and as a consequence thousands of Chinese, the majority from Wuhan, began arriving in Milano. In December of last year, the first inklings of a coronavirus were noticed in Lombardy…in the Chinese neighborhoods. There is no doubt amongst senior medical officials that the virus was brought here from China.
Many Italians in Northern Italy have sold their leather goods and textiles companies to China. Italy then allowed 100,000 Chinese workers from Wuhan and Wenzhou to move to Italy to work in these factories, with direct flights between Wuhan and Northern Italy. This continued post outbreak, so is it mere coincidence that Northern Italy is now Europe’s hotspot for Corona Virus?