Access to American innovation and intellectual property is high on the list of priorities for the Chinese Communist Party (CCP). It allows strategic influential access to our talent, technology, and politicians. Chinese investments in venture capital and private equity are notoriously difficult to trace. Still, they should be of great interest to Americans and U.S. policymakers because of the implications for our national security. Speaker McCarthy and other prominent politicians benefit from venture capital and private equity investments in China.
The highly successful Sequoia Capital is one of the venture capital firms Americans should monitor, mainly because of its shift toward AI and military technology investments. Much of China’s economic and political strategy is superbly documented in a Sept. 2022 paper by Emily de La Bruyere and Nathan Picarsic. They write about the weaponization of capital in China. It is an essential primer on the “strategic implications of China’s private equity/venture capital playbook.”