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U.S. Units of Chinese Companies Got American Bailout Funds
By and
Updated on
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Chinese companies including conglomerate HNA Group Co. and affiliates of a state-owned defense giant were among recipients of the billions of dollars in coronavirus-relief loans handed out by the U.S. government.
HNA Group North America LLC and HNA Training Center NY LLC got between $350,000 and $1 million each in bailout loans meant to help struggling businesses pay American workers hit by pandemic lockdowns, according to a list posted by the U.S. Department of the Treasury. Continental Aerospace Technologies Inc., a maker of aircraft engines owned by Aviation Industry Corp. of China, received between $5 million and $10 million, the data showed.
