Agence Press International (Beijing)
China has announced a new measure called 中國收購這些中國血統的 or CHATCA (CHina Acquisition of Those of Chinese Ancestry). The Chinese government has implicated everyone of Chinese “Han” ancestry. In their view, since Han people all descend from Chinese emigrants, they must pay taxes to China in order to express their gratitude to the mother country for giving them life itself. This is how it works: China now requires that these people pay all of their taxes to China instead of to the countries in which they live. If a country refuses to comply with CHATCA, it will result in economic sanctions. Since China now owns all of the multinational corporations, no one will be able to buy or sell food, oil, clothing, or electronic goods without the imprimatur of CHATCA compliance
Human rights activists are complaining that CHATCA is a violation of the sovereignty of every country in the world. In addition, they say that national origin discrimination is still frowned upon in many countries. However, this complaint simply bears no weight in today’s world, because the major Western powers abolished their national origin discrimination protections in 2014-2015 in order to implement FATCA, a similar measure that the USA tried to thrust upon the world (see Wikipedia, FATCA 2010-2016).
The history of FATCA is well-known–when Brazil, Russia, India and China (the CRIBs) refused to sign on and to trade with USA, it had a domino effect on the US dollar and now world trade is conducted in the gold-backed Chinese Renminbi (¥). Now China dominates the world financial system and can basically dictate terms of commerce to all other countries in the world. Chinese law makers admitted that they based CHATCA on the FATCA model, and that bank computer systems that were put in place to identify US persons will come in handy to seek out and identify people of Han ancestry.
President Chelsea Clinton acknowledged that the USA had no choice but to go along with CHATCA:
People need to eat; they need to have gas in their cars; they need to have Christmas presents under the tree. We know that these items are all under the control of China. It is therefore necessary that we all make sacrifices and that certain people pay their fair share to China so that the rest of us can maintain our normal lives and pursue the American dream; this may be an inconvenience for some, but we will continue to move forward and I continue to work hard for the American people. This is what makes the United States exceptional.
Despite its good intentions, the unfortunate consequence of CHATCA is that people of Chinese ancestry hold dual citizenship with China and still fall under its authority, and CHATCA requires access to their financial information through their banks. As a result of CHATCA, there has been a surge in DNA tests to prove lack of Han ancestry, and this trend continues to grow.
Trudeau said further that they are powerless to change CHATCA, because it is a Chinese law made in Beijing not Ottawa.
Peter Dunn of the Isaac Brock Society, which has followed these issues very closely for many years, said, “China has depleted its gold, and it has now implemented quantitative easing to cover the national budget deficit. They are now borrowing 41 cents on every dollar they spend, and they are desperate for new sources of funding. This is an old trick that we’ve seen before in FATCA, and ultimately it will fail this time, just as it failed in 2015.”