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MADE IN AMERICA, FUNDED BY CHINA: THE CAPITAL BACKDOOR INTO US NATIONAL SECURITY China’s economy is built on subsidized domestic industries and exports. Beijing focuses on certain critical industries, subsidizes such areas, and then lets many of the competitors fail, leaving the strongest to survive and dominate both domestically and hopefully, for China, internationally. This is occurring in the electric vehicle industry in China, where over 100 brands exist. In China, approximately 30 electric vehicle manufacturers have gone bankrupt, and about 50 more are facing financial strains due to price battles, intense competition, rising debt, overcapacity, decreasing demand, and a…
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