New Pentagon report names Russia, China as threats to US space capabilities

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A new space report by the Pentagon has named Russia and China as key threats to US space capabilities, according to a document released on Thursday.

“The United States faces rapidly growing threats to our space capabilities. China and Russia, our strategic competitors, are explicitly pursuing space warfighting capabilities to neutralize US space capabilities during a time of conflict,” the report said. “Other potential adversaries are also pursuing counter-space capabilities such as jamming, dazzling, and cyber-attacks.” Continue reading

Chicago Stock Exchange Says It’s Being Sold to Chinese-Led Group

The Chicago Stock Exchange said a Chinese investor group agreed to acquire it, giving the buyer entry into the intensely competitive U.S. equity market.

Chongqing Casin Enterprise Group has signed a definitive agreement to acquire the company, according to a statement Friday, which didn’t give financial terms. The exchange said the deal is expected to close in the second half of the year, though that will require regulatory approval. Continue reading

U.S. approves sale of fed-backed Mich. battery maker A123 to Chinese

If anyone is wondering just how China is acquiring their technology and are able to use it to modernize their military, here is one of the best examples in the last five years. Once brought up in a previous article (see also here), here is an update on the plight of the A123 battery making company:

Washington — The Obama administration approved the sale of most of bankrupt battery maker A123 Systems’ assets to Chinese firm Wanxiang Group Corp.

The company’s U.S. subsidiary, Chicago-based Wanxiang America, said it has received approval from the Committee on Foreign Investment in the U.S. to complete its acquisition of substantially all of the non-government business assets of A123 Systems, Inc. Continue reading