We Americans are literally funding our own potential destruction.
funnel U.S. money to companies that produce the CCP’s military aircraft, its aircraft carriers, its aerospace technology, its artillery shells and even its advanced nuclear technology. These firms are not alone. Investment in problematic Chinese companies is rampant across Wall Street and Silicon Valley.
We are quite literally funding our own potential destruction — and the executive order, while well-intentioned, won’t stop it. It is up to Congress to erect strong, enduring guardrails around outbound investment in China.First, we must get a full accounting of the scale of this problem.
Fourth, we need to focus on sectors. We can’t play whack-a-mole sanctioning individual companies that will inevitably change names and create subsidiaries to avoid restrictions. Nor will narrowly defining subcategories of technologies, as the Biden administration has done, suffice. Just look at the top PLA fighter-jet builder, Aviation Industry Corporation of China . U.S.
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