Opposition sounds alarm over Future Fund’s Chinese investments

Source: afr.com afr.com

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Another firm with military ties is Shanghai Fudan Microelectronics Group, which has received funding from the People’s Liberation Army to reverse engineer microchips and semiconductors, one of the key technological battlegrounds of the 21st century. Brewer Tsingtao and electric carmaker BYD are both identified by the audit for reported ties to Xinjiang province, where the United Nations has raised concerns about human rights abuses of the Uighur people, including forced labour. The Future Fund also has exposure to three of China’s big four banks – the Bank of China, China Construction Bank and the Industrial and Commercial Bank. Ukrainian researchers...