News Analysis The Trump administration fought to reduce the flow of U.S. technology and investor funds into the hands of the Chinese Communist Party (CCP). The trend continues under the Biden administration, but there is still much more to be done. “Chinese companies are beholden to the Chinese Communist Party,” said Sen. Tom Cotton (R-Ark.) in a press release on Feb. 3, explaining why scrutiny of Chinese investment must be intensified. The CCP uses hundreds of billions of dollars’ worth of U.S. investor money to finance the People’s Liberation Army’s weapons and technology. Some of these funds are then used to acquire stakes in U.S. domestic firms to obtain their technology. Bilateral investment flows are a significant component in the CCP’s quest to becoming the preeminent global military power. Increasingly, the U.S. government is blocking Chinese investment in sensitive industries while prohibiting U.S. exports of certain technologies. In June 2021, as a continuation …
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