"House Panel Reveals Billions in US Investments in Chinese Military and Tech, Calls for Congressional Action"
A bipartisan House panel investigation revealed that US venture capital firms have invested over $3 billion in Chinese tech companies that have supported the Chinese military, human rights abuses, and China's semiconductor sector. The report highlighted investments by GGV Capital, GSR Ventures, Qualcomm Ventures, Sequoia Capital China, and Walden International, calling for restrictions on investments in Chinese entities with ties to the People’s Liberation Army, forced labor camps, or genocide. The findings also raised concerns about American retirement accounts being invested in these firms, contributing to the Chinese Communist Party’s authoritarian ambitions.
- Top US firms that invested $3B in Chinese military, tech revealed by House panel investigation New York Post
- Top U.S. Venture Firms Funded Blacklisted Chinese Companies, House Committee Says The Wall Street Journal
- American Firms Invested $1 Billion in Chinese Chips, Lawmakers Find The New York Times
- Congress should block US investment in China’s military and human rights abuses The Hill
- Billions of US pension funds have flowed into China amid increased tensions Fox Business
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