News Snapshot:
China is America’s nemesis when it comes to industrial espionage. About 80 percent of all economic espionage cases brought by the US Department of Justice involve conduct that would benefit the Chinese state. A 2017 estimate put the cost to the United States of between $225 billion and $600 billion per year in stolen trade secrets, pirated software, and counterfeiting by China. A new series of Financial Times podcasts on the US-China tech rivalry quotes US intelligence sources as saying that the Chinese Communist Party’s drive to acquire US intellectual property is becoming “more and more aggressive”. This characterization follows...
