U.S. Scientists Received $325M in Royalties From China, Russia | China In Focus
Scientists from the National Institutes of Health (NIH) are raking in the royalties. But the over $325 million tally is raising concerns. Where's the money coming from, and what's it paying for? President Joe Biden's long-awaited ban on U.S. investment in China meeting with mixed reactions. Some are applauding it as a "major blow" to Beijing, while others are calling the move "almost laughable." Half a million in U.S. tax dollars are reportedly flowing into an illegal Chinese biolab. Public records highlighted the transaction into the California-based facility. How dependent is China on imports from the United States and its allies? New research puts the figure at a whopping 70 percent. Could those import needs be the key to countering China's economic pressure? An expert weighs in.
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