There is an arm of the Chinese government that has repeatedly aided the nuclear weapons programs of Pakistan and Iran. Now that arm is in line for a $5-billion loan deal from the U.S. government--for the benefit of two major U.S. corporations.
The Export-Import Bank of the United States (Ex-Im), an independent federal agency that finances exports, has granted a preliminary commitment for the largest deal in it is history: $5 billion in loans and loan guarantees to the China National Nuclear Corporation (CNNC) to build nuclear power plants.
According to U.S. government reports, CNNC has been tied to at least three instances of nuclear weapons proliferation involving Pakistan and Iran. Yet, the Chinese-government agency is still eligible for Ex-Im financing because of a Clinton-Administration decision--made at the behest of U.S. businesses--not to punish CNNC for its actions.
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