China's strategy of technology theft

3-26-18   

© Getty

  Finally, we have a President willing to stand up to China and willing to confront the Chamber of Commerce crowd that has long been China’s best friend and enabler.

  It was only a matter of time before President Trump ran smack into the big business interests that fund many in the Republican Party and that have been instrumental in the creation of trade agreements and the outsourcing of jobs that have wreaked havoc on American workers.  

  He has offended the corporate world by backing out of the Trans-Pacific Partnership (TPP), playing hardball with our North American Free Trade Agreement (NAFTA) partners and now, crucially, by confronting Beijing.  It’s time someone did.

  Just in the past three years, according to a report from the bipartisan IP Commission, the U.S. has suffered $1.2 trillion in economic damage from the theft of intellectual property, most of it orchestrated by China.  The report notes, that the $1.2 trillion doesn’t include the estimated costs of wide-spread patent infringement.

  U.S. businesses turned a blind eye to the thievery in hopes of selling into that country’s fast-growing consumer market or accessing China’s cheap labor.  Despite official promises to curb the practice, China continues to illicitly harvest U.S. patents and know-how.   http://thehill.com/opinion/finance/380252-finally-a-president-willing-to-combat-chinese-theft    

...........................................................................................................

          6-19-18       China's government is using a multi-pronged strategy to systematically steal advanced American technology as part of economic aggression against the United States, according to a White House report.  The report, based in part on declassified intelligence from the Pentagon and intelligence agencies, provides some of the first public details on China's industrial policies that have produced the world's second largest economy, often at the expense of American companies.

  "The Chinese state seeks to access the crown jewels of American technology and intellectual property," says the report, made public Tuesday night.

http://freebeacon.com/national-security/china-industrial-policy-seeks-steal-crown-jewels-u-s-tech/

...............................................................................