But what good does it do to continue to increase our defense spending if American investors are simultaneously making investments in China in what amounts to the arsenal of our number one strategic adversary? As of 2023, the United States was investing close to $2 billion in Chinese critical technology sectors, including semiconductors, quantum computing, and artificial intelligence. These are American companies investing in China, helping them to advance these critical technologies which we are competing with here in America. (08:23–08:39)
CLAIM
Asserts that the U.S. invested close to $2 billion in Chinese critical technology sectors in 2023.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
