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John Cornyn: “U.S. investments in Chinese companies currently total about…”

Featuring: John Cornyn, Republican | U.S. Senate, Texas

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Cornyn Praises Long-Awaited Outbound Investment Measures Included in Annual Defense Bill

Published | Video Starts at 10:35

And why in the world would we blindly allow American investors to invest in our opponent and help them defeat us in the race on each of these areas of technology? It's estimated that U.S. investments in Chinese companies currently total about $2.3 trillion in market value by the end of 2020. including $21 billion in semiconductors, 54 billion in military companies, and 2021, 221 billion in artificial intelligence. Part of the problem is China doesn't recognize a separation between commercial enterprises and their military. (10:35–10:43)

CLAIM

Asserts that U.S. investments in Chinese companies totaled about $2.3 trillion by the end of 2020.

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