FILE PHOTO: The Chinese and U.S. national flags are seen before the start of a Treaty on the Non-Proliferation of Nuclear Weapons conference with the UN Security Council's five permanent members China, France, Russia, Britain, and U.S., in Beijing, China, January 30, 2019. REUTERS/Thomas Peter/Pool
Companies owned by the Chinese government “acquire American firms to transfer proprietary information,” among other tactics, according to the letter to Defense Secretary Mark Esper. It was written by Democratic and Republican senators and representatives, including U.S. Senate Minority Leader Chuck Schumer.
A Pentagon report in 2018 said China dominates the global supply of rare earth minerals critical to U.S. military operations, as well as supplies of electronics and chemicals.
Source: News Formal (newsformal.com)
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