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WASHINGTON — A report commissioned by the U.S. Department of Defense was circulated among senior Trump administration officials this week, stating that Beijing has been encouraging Chinese companies to invest in American startups.
According to the report, Chinese firms with strong ties to China’s government have increasingly been investing in companies with cutting-edge technologies, many of which have potential military applications, reported The New York Times.
According to three people knowledgeable about its contents, who spoke to The New York Times on the condition of anonymity, U.S. government controls that are intended to protect critical technologies are not working.