Commentary U.S. investors have pumped over $2.3 trillion into China since 1992, according to an unpublished U.S. government document that tracks over 180,000 U.S. investments in equity positions in China and Hong Kong. The 2021 document, recently obtained by The Epoch Times, tracks more than 6,000 U.S.-based corporate and institutional investors. It is based on November 2020 publicly available information compiled from SEC filings. As a proxy for measuring the extent to which U.S. investors are subsidizing Chinese capital markets with dollar inflows and contributing to the advancement of the Chinese state through domestic corporate growth, we measure the sum of the market value for all investor holdings aggregated by year,” according to the document. “From this statistic, we can also derive a dollar representation of the extent to which U.S. investor capital, including from state pension funds, is subject to China country risk, and the extent to which the …