From China Support Network

http://www.chinasupport.net/topnews135.htm

China Finances Al-Qaeda:

China e-Lobby
Update of May 5, 2004

D.J. McGuire, Editor in Chief

TOP STORY:
AL QAEDA USING People's Republic of China INTELLIGENCE TO RAISE AND LAUNDER MONEY

DRUG PROFITS INVESTED IN STOCK MARKETS WITH COMMUNISTS' HELP

Al Qaeda "is financing its worldwide terror operations by investing in blue-chip Australian stocks with the assistance of Beijing's powerful Secret Intelligence Service" (World Net Daily). The intelligence group from the People's Republic is also involved in drug deals with Osama bin Laden's terrorist group; which is the original source of the money.

Brain McAdam, a Canadian investigator who helped the FBI find thousands of Communist front organizations in North America, (see 8/20/03 Update) said of the money involved, "We are talking of billions of dollars." The fronts he found include "major players on Wall Street" (The News, Australia), and some "are linked to al-Qaeda through its investments."

Also fingering Communist China is Xu Junping, a former PRC Colonel who "for five years oversaw all secret CSIS operations against the West," before defecting to the U.S. in 2000 (see 3/28/01 Update). Xu "has described Beijing meetings with Osama bin Laden in 2000, during which the investment plan was discussed."

Communist China's links to al Qaeda, while not very well known, go back to at least the 1990s, (1998) when the PRC paid up to $10 million for unexploded American cruise missiles the terrorist group recovered in Afghanistan. Communist China has also allowed a piece of Pakistan it controls to be an al Qaeda haven (see 10/24/01 and 8/14/02 Updates).