The theft of trade secrets by China costs America an estimated USD 300 to 600 billion annually. FBI director, Christopher Wray, has identified China as the single biggest threat to American law enforcement. According to him, China sought to steal American tech using, “any means necessary.”
Since 2018, the US has dramatically increased its efforts to clamp down on these incidents. By 2019, the FBI was investigating around 1000 cases of IP theft across its 56 regional offices and arrested 24 people. Within the first 2 months of 2020, an additional 19 arrests had been made.
Here’s what you need to know.
#china #uschinarelations
00:00 Introduction
02:17 The Scale of Chinese IP Theft
03:33 American Superconductor
04:09 Huawei
04:47 Charles Lieber
05:36 Why China Does It
06:59 Who Feels The Pain
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