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The Chinese government is now engaged in two dangerous projects: the systematic repression of its people and the escalation of its strategic rivalry with the United States. Some of America’s largest companies have long been accused of complicity in both (whether looking the other way on ethnic cleansing or helping Beijing modernize its surveillance state and military) in exchange for access to China’s lucrative market. Inevitably, reaping profits from China has cost some moral and strategic compromises. But just how bad is it, really?