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.

CSET experts Anna Puglisi and Ryan Fedasiuk sat down with China Talk podcast to discuss their contributions on the recent book "China's Quest for Foreign Technology: Beyond Espionage."

To understand China's technology transfer efforts, CSET Research Analyst Emily Weinstein suggests using China's open-source documentation as a resource.

In May 2020, the White House announced it would deny visas to Chinese graduate students and researchers who are affiliated with organizations that implement or support China’s military-civil fusion strategy. The authors discuss several ways this policy might be implemented. Based on Chinese and U.S. policy documents and data sources, they estimate that between three and five thousand Chinese students might be prevented from entering U.S. graduate programs each year.

It’s widely understood that Beijing invests significant resources in shoring up its science and technology prowess, but the extent and flows of the Chinese government’s public investments in S&T are not as well known. This project tracks publicly available information about the budgets of more than two-dozen high-level Chinese government entities, including those that support science, technology, and talent recruitment.