A BBC investigation has revealed how a Chinese company quietly acquired an American insurer that provided liability coverage to intelligence agents, raising concerns about access to sensitive personal data. This purchase was part of a much larger, state-backed Chinese investment strategy, with new data showing Beijing has spent over two trillion dollars abroad since 2000, targeting both developing and wealthy nations. Many of these investments align with China's strategic goals to dominate key industries and acquire advanced technologies, prompting the United States and other countries to tighten their investment screening laws. While some Chinese investments are purely commercial, others are closely linked to government objectives, fueling global debates about security, economic influence, and the future of international trade.