“While the U.S. government is taking an increasingly hard line against Chinese acquisitions of U.S. public companies, investments in startups, even by state-backed entities, have been largely untouched. That may well be poised to change as the U.S. Congress finalizes legislation that dramatically expands the government’s power to block foreign investment in U.S. companies, including venture investments.” Reuters: China’s penetration of Silicon Valley creates risks for startups. (It’s worth watching every move in the increasingly fierce, epic heavyweight battle for global economic dominance. The US, undisputed champion of the world for decades, enters the ring as an underdog.)