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A plan by a group of Chinese military and business institutions to invest US$471 million to set up a venture capital fund aims to secure high-end military technology by circumventing US sanctions, a defense expert said on Friday. The plan shows Beijing’s ambitions to cultivate a domestic military supply chain at a time when it has stepped up its threats against Taiwan, said Yang I Kwei (楊一逵), a researcher at the Institute for National Defense and Security Research, a think tank affiliated with the Ministry of National Defense. Yang’s comments came after Guangzhou Haige Communications...

Taipei, April 16 (CNA) A move by a group of Chinese military and business institutions to invest approximately NT$14 billion (US$500 million) to organize a venture capital fund is intended to secure high-end war technology by circumventing sanctions imposed by Washington, according to an expert from a Ministry of National Defense think tank.