# New Federal State of China A dissident Chinese political organization co-founded in June 2020 by fugitive Chinese billionaire Guo Wengui (Miles Guo) and [[Steve Bannon]], nominally dedicated to overthrowing the Chinese Communist Party and establishing a democratic federal state. In practice, the NFSC functioned primarily as a fundraising vehicle and disinformation operation, with associated entities including [[GTV Media Group]] and GCoin cryptocurrency raising billions from overseas Chinese communities. Guo was convicted of fraud in 2024, and the NFSC's significance to the vault lies in its demonstration of how Bannon's network operates internationally: using anti-CCP sentiment as a mobilization tool, creating media platforms ([[GTV Media Group]]) that blend legitimate political opposition with financial fraud, and connecting Chinese diaspora politics to the American right-wing media ecosystem. ## See Also - [[Steve Bannon]] — co-founder - [[GTV Media Group]] — associated media platform