California governor Gavin Newsom allegedly laid out the red carpet for Chinese Communist Party-linked businesses through a shadowy nonprofit that operated with virtually no oversight while funneling billions in investments to the Golden State.
At a Glance
- A new book titled “Fool’s Gold” exposes Gavin Newsom’s alleged deep ties to the Chinese Communist Party through his ChinaSF initiative
- ChinaSF, co-launched by Newsom and Chinese businessman Vincent Lo, reportedly brought $5.5 billion in economic impact to San Francisco
- The initiative allegedly facilitated entry of corrupt Chinese companies with CCP connections into California
- Newsom reportedly received over $23,000 in anonymous contributions from a Chinese real estate company whose owner was later sentenced for bribery
- When confronted with the allegations, Newsom’s office responded by referring to “conspiracy theorists”
California’s Golden Boy and His Chinese Connection
While Democrats continue to hyperventilate about Trump’s imaginary Russian connections, a bombshell new book exposes how one of their rising stars has been cultivating concerning relationships with America’s actual greatest threat – Communist China. “Fool’s Gold: The Radicals, Con Artists, and Traitors Who Killed the California Dream and Now Threaten Us All,” authored by Jedd McFatter and Susan Crabtree, shines a spotlight on Governor Gavin Newsom’s long-standing and troubling ties to the Chinese Communist Party, beginning with his days as San Francisco’s mayor and continuing throughout his political career.
Newsom’s political career reportedly began with strong backing from San Francisco’s Chinese community, with the future governor celebrating his mayoral victory in Chinatown. But it was his establishment of ChinaSF in 2008 that appears to have cemented his relationship with CCP-aligned business interests. This so-called “nonprofit” initiative was allegedly designed as a gateway for Chinese corporations to infiltrate California’s economy under the guise of mutual prosperity, while operating with astonishingly little public oversight or transparency.
Billions in “Investment” or a Trojan Horse?
ChinaSF, co-launched by Newsom and Chinese business magnate Vincent Lo, boasts impressive-sounding numbers – $5.5 billion in economic impact and the recruitment of 108 Chinese companies to San Francisco between 2008 and 2018. But the authors of “Fool’s Gold” ask the crucial question that Newsom seems determined to avoid: at what cost to American security and sovereignty? The book alleges that many of these businesses weren’t just innocent commercial ventures, but entities with direct ties to the Chinese Communist Party and its military.
“San Francisco is proud of its long-standing relationship with China and its sister city, Shanghai. ChinaSF builds on this history of shared cultural and economic ties, and strengthens future economic prosperity through enhanced relationships between San Franciscans and Chinese businesses.” – Gov. Gavin Newsom
Among the concerning examples highlighted in the book is the case of Suntech, a Chinese solar company that ChinaSF helped establish in California. Even more alarming is JOINN Laboratories, a biotech company with reported ties to China’s military that was welcomed with open arms through Newsom’s initiative. And let’s not forget about Huawei – the telecommunications giant banned by the federal government over security concerns – which became a top financial sponsor of ChinaSF in 2016.
Following the Money Trail
The financial connections between Newsom and Chinese interests don’t end with ChinaSF. According to the authors, Newsom received over $23,000 in anonymous contributions from a Chinese real estate company called Z&L, whose owner was later sentenced for bribery. Whether this constitutes mere coincidence or something more nefarious is a question that deserves serious investigation, rather than the dismissive response from Newsom’s office, which responded to the book’s allegations by pointing to an article about conspiracy theories.
Perhaps most troubling is the structure of ChinaSF itself. Despite being described as a nonprofit, it operated as a limited liability corporation under the San Francisco Chamber of Commerce from 2009 to 2014, seemingly designed to minimize scrutiny and accountability. The book presents a compelling case that this organization facilitated the transfer of technology, property, and wealth to China while the citizens of California were distracted by Newsom’s perfectly coiffed hair and gleaming smile. As Gavin continues to position himself for a potential future presidential run, these allegations deserve far more attention than they’ve received.
