US risks ‘funding our own destruction’ if investor capital flows to Chinese defense firms, key lawmaker says

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A J-20 stealth fighter jet at the 14th China International Aviation and Aerospace Exhibition in Zhuhai on November 8, 2022. Deng Hua/Xinhua via Getty Images Rep. Mike Gallagher urged President Biden to widen limits on US investments in China. Forthcoming restrictions should cover US participation in Chinese public markets, he said. "If American capital continues to flow to Chinese military companies, we are at risk of funding our own destruction." Rep. Mike Gallagher, R-Wisconsin, has appealed to the Biden administration to introduce stricter curbs on US investment in China, according to a letter obtained by the Financial Times. In the...