CSET's issue brief "Understanding Chinese Government Guidance Funds" is featured as one of the Essential Eight things to know in the Sinocism China Newsletter.
The Chinese government is pouring money into public-private investment funds, known as guidance funds, to advance China’s strategic and emerging technologies, including artificial intelligence. These funds are mobilizing massive amounts of capital from public and private sources—prompting both concern and skepticism among outside observers. This overview presents essential findings from our full-length report on these funds, analyzing the guidance fund model, its intended benefits and weaknesses, and its long-term prospects for success.
China’s government is using public-private investment funds, known as guidance funds, to deploy massive amounts of capital in support of strategic and emerging technologies, including artificial intelligence. Drawing exclusively on Chinese-language sources, this report explores how guidance funds raise and deploy capital, manage their investment, and interact with public and private actors. The guidance fund model is no silver bullet, but it has many advantages over traditional industrial policy mechanisms.
Six Chinese universities have relationships with Advanced Persistent Threat (APT) hacking teams. Their activities range from recruitment to running cyber operations. These partnerships, themselves a case study in military-civil fusion, allow state-sponsored hackers to quickly move research from the lab to the field. This report examines these universities’ relationships with known APTs and analyzes the schools’ AI/ML research that may translate to future operational capabilities.
In a review of the recommendations by a key government commission on ways to bolster the U.S. tech industry, this Forbes column points to a study by CSET's Remco Zwetsloot that delves into ways to attract and retain overseas tech talent.
CSET Research Analyst Dahlia Peterson discusses China’s latest surveillance program, Sharp Eyes, as well as technical limitations to accurately reporting censorship and physical surveillance.
CSET Senior Fellow Anna Puglisi weighs in on the China Initiative and whether the Chinese government is exploiting its talent programs to target U.S. innovation.
CSET Research Analyst Emily Weinstein discusses difficulties in identifying Chinese entities that are defense-affiliated amidst growing concerns over American university research being relayed to the Chinese military.
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