China is investing billions into US startups building cutting-edge products that could have military applications

Military delegates arrive at the Great Hall of the People for a meeting ahead of Saturday's opening ceremony of the National People's Congress (NPC), in Beijing, China March 4, 2016. As Washington fiddles, China is investing billions in U.S. startups with cutting-edge products that could have military applications at the same time it is dialing back investments in less critical American industries such as entertainment. A New York Times story this week says that among the startups are companies working on artificial intelligence for military robots, rocket engines, ship sensors and printers that could produce high-tech components such as computer screens for military jets. Many of the firms making such investments are owned by companies controlled by the Chinese government or connected to its leaders. A blog post last December on the website of CB Insights, which tracks startup investments, says that China poured $9.9 billion into new Silicon Valley firms in 2015 and made an additional $3.5 billion in tech investments in the first nine months of last year.