FBI chief brands China's thefts of intellectual property, 'one of the largest transfers of wealth in human history'FBI Director, Christopher Wray says of the nearly 5,000 active counterintelligence cases currently under way across the country, almost half are related to China. The world’s two largest economies were already engaged in a disruptive trade war with intellectual property theft proving to be a major sticking point between the two nations. U.S. officials have long complained that Chinese intellectual property theft has cost the economy billions of dollars in revenue and thousands of jobs and that it threatens national security. China maintains that it does not engage in intellectual property theft. "The Chinese government wants to force them to return to China, and China's tactics to accomplish that are shocking."

Source: The Standard July 08, 2020 12:11 UTC