HONG KONG -- For an indication of how China's military-industrial complex is dealing with U.S. sanctions, consider the case of China Satellite Communications.
US-China tensions
China's military companies tap new investors after U.S. sanctions
Scramble for state-backed shareholders aims to offset curbs on foreign capital
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Chinese soldiers at Shek Kong Barracks, Hong Kong, in 2017. China’s military build-up has alarmed the U.S., which has acted to restrict American investment in companies deemed to have connections to the People’ Liberation Army. (Photo by Kenji Kawase)
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