China makes use of nine satellites in orbit around the Earth, built by American companies, to boost government capabilities, the WSJ reported.
China makes use of nine satellites in orbit around the Earth, built by Boeing and Maxar Technologies-owned SSL and financed through investment firm Carlyle Group, to boost Chinese government capabilities, the Wall Street Journal reported on Tuesday.
The United Sates has trade laws that essentially prevent U.S. companies from selling satellites directly to China or Chinese companies. However, those trade laws do not regulate how the bandwidth on those satellites is used once they begin operations – a loophole China has reportedly utilized to rent, rather than buy, the services of American-built satellites.
The key to circumventing those trade laws is a Hong Kong-based company called Asia Satellite Telecommunications, the report said, which is jointly owned by Carlyle Group and Chinese state-controlled Citic Group. The report explained how AsiaSat was then able to buy satellites from Boeing and SSL, while Carlyle submitted compliance reports to the U.S. government. In turn, Citic Group then sold some services of the AsiaSat satellites to Chinese government operators.
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