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Erik Prince's New Plan to Cash In On China's Surveillance State
Erik Prince, founder of military contractor Blackwater and Frontier Services Group, has acquired 25% of Austrian company Airborne Technologies in a bid to tap into the Chinese security market which he says has "no moral issues". The move comes as China ramps up expenditure on domestic security, including drones, surveillance cameras and other equipment, with some estimates suggesting the market will expand 25% a year until 2020.