US gap in oversight became more urgent problem in 2015 when China unveiled “Made in China 2025” strategy

https://www.google.com/books/edition/Energy_Technology_Transfer_to_China/ahdipYOsna4C?hl=en&gbpv=1&dq=sending+us+tech+to+china&pg=PA51&printsec=frontcover

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  As a senior official at the Treasury Department*, which oversees CFIUS, put it:  “Any time we see a company that has lots of data on Americans — health care, personal financial data — that’s a vulnerability.”  When CFIUS was formed in the 1970s the companies safeguarding important technology were so large that any takeover attempt by foreigners would be certain to attract attention.  Now much of the cutting-edge technology in the United States is in the hands of much smaller firms, including Silicon Valley startups that are hungry for cash from investors.

  The gap in oversight became a more urgent problem in 2015, when China unveiled its “Made in China 2025” strategy of working with private investors to buy overseas tech firms.  A year earlier Chinese investments in U.S. tech startups had totaled $2.3 billion, according to the economic research firm CB Insights.  Such investments immediately skyrocketed to $9.9 billion in 2015.  These amounts dipped the following year, as the Obama administration voided a high-profile deal, but analysts say China’s appetite to buy U.S. firms and technology is still strong.  In 2017 there were 165 Chinese-backed deals closed with American startups, only 12 percent less than the 2015 peak….

   Chinese investor-backed deals with U.S. tech startups jumped 185 percent from 2013 to 2015, though the cash influx has recently tapered off:  in 2017, deals fell 12 percent from their 2015 peak.  https://www.politico.com/story/2018/05/22/china-us-tech-companies-cfius-572413

*US Treasury Dept.--nearly always headed by a very deep Wall Streeter.