The United States is unaware of the scope of its investment fund in China that is funding possibly harmful Chinese military and civilian technologies, according to Derek Scissors, a senior fellow at the American Enterprise Institute.
According to Scissors’s report titled “What to Do About American Investment in China,” almost $800 billion in U.S. investments poured into China from 2016 to 2020, but the United States “does not monitor what is being funded.”
“But we don’t know what stocks and what bonds, what industries, what companies because the Department of Treasury doesn’t tell us that,” Scissors told “China in Focus” on NTD, the sister media outlet of The Epoch Times….