Washington Free Beacon FBI warns that Chinese use talent recruitment programs for economic espionage, theft of trade secrets
The founder of a lithium battery company poised to receive a $200 million grant from the Biden administration was once brought to China through a Chinese Communist Party program that the FBI warns is used for economic espionage.
The founder and chief executive officer of Microvast, Wu Yang, in 2000 was recruited to move back to China from the United States as part of a Chinese government-sponsored “talent program.” The grant to Microvast could conflict with the stated policy of the Department of Energy, which plans to boost the company with the massive green energy grant. A DOE official said in February that the department is “prohibited” from funding people who are involved in foreign talent programs.
The Department of Energy has faced criticism from lawmakers for months over its proposed $200 million grant to Microvast to build a battery separator facility, after the Washington Free Beacon reported late last year that the company operates primarily out of China. While the administration in a pre-election press release last October portrayed the funding as a done deal, the department now says the grant is still under review.
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Wow!! While some may say “Keep your Friends Close and Your Enemy’s Closer, not sure this is what they meant or what is prudent strategy for something that is becoming so vital to the USA. Makes you wonder more every day if our elected people and the ones they put in charge of critical US Programs are being bought and paid for by foreign interests. Sad to have these thoughts but today, ??? Where is the Build Back America thought process?? The World Is Watching!!