; and (B) produced or manufactured, or that underwent final assembly— (i) in the People's Republic of China; or (ii) by a person of the People's Republic of China. (4) Entity owned, controlled, directed, or operated by a person of the People's Republic of China The term entity owned, controlled, directed, or operated by a person of the People's Republic of China includes any entity for which, on any date during the most recent 12-month period, not less than 25 percent of the equity interests in such entity are held directly or indirectly by 1 or more persons of the People's Republic of China, including through— (A) interests in co-investment vehicles, joint ventures, or similar arrangements; or (B) a derivative financial instrument or contractual arrangement between the entity and a person of the People's Republic of China, including any such instrument or contract that seeks to replicate any financial return with respect to such entity or interest in such entity. (5) Person of the People's Republic of China The term person of the People's Republic of China means— (A) the Government of the People's Republic of China; (B) any agency, instrumentality, official, or agent of that Government; (C) any entity the headquarters of which are located in the People's Republic of China; (D) any entity organized under the laws of the People’s Republic of China; (E) any entity substantively involved in the industrial policies or military-civil fusion strategy of the People’s Republic of China, including by accepting funding from, performing a service for, or receiving a subsidy from the People’s Republic of China related to such policies or strategy; or (F) any entity owned, controlled, directed, or operated by an entity described in any of subparagraphs (A) through (E).