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
Global Geopolitics 