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Gotion High-Tech launched a joint venture with a "Communist Chinese Military Company Subsidiary" in 2016, an agreement on the Hong Kong Stock Exchange states.
Although few American investors may be aware of it, U.S. capital is now helping finance China's military-industrial complex. That, in part, is because following a court ruling earlier this year, the U.S. government has retreated from an investment ban on the Beijing-based artificial intelligence company and smartphone maker Xiaomi.
As Congress considers a bill to aid our technology competition with China, it must work to ensure that the CCP doesn’t just steal more of our secrets.