Posted 3/8/2024, 2:30:21 PM
Indiana Pursuing $14 Billion in Deals with Chinese Firms, Raising Security Concerns
- Indiana agency planning 11 business deals with Chinese companies worth $14.4 billion, but won't release details to lawmakers
- At least 4 deals involve Chinese companies locating in former military sites and near critical infrastructure
- Lawmakers identified one company, Fufeng Group, which was rejected by North Dakota as a security threat
- Fufeng's Indiana site would be less than 10 miles from a military base and on top of a critical rail line
- State lawmakers have amended legislation to limit foreign ownership of land, but it still allows deals like Fufeng's to go through