Should this go through, it could prove to be the largest transfer of dual use technology to China since the Clintons had sold countless amounts of super computers to the Communist country during their rule. Some time later, these very same computers were used to test their nuclear weapons and later gave them their stockpile they can now erase the US west coast with today.
Ten years worth of advanced American technology could pass from the United States to China if the sale of A123 is allowed to go through, Fox News reported.
A123 filed for bankruptcy in October 2012 after receiving nearly $250 million from American taxpayers. Wanxiang outbid three other companies in an auction for A123 in December.
As previously reported by the Free Beacon, China’s military could reap enormous benefits from the sale. National security officials say the sale could threaten the security of U.S. electrical power and communications grids.
A123’s bankruptcy has harmed other government-subsidized companies, including Fisker automotive, which used A123’s batteries in the production of its luxury electric car.
Full article: Advanced American Technology Set to Transfer to China (Washington Free Beacon)