. | . |
FBI director lashes China over economic espionage by Staff Writers Washington (AFP) April 26, 2019 China poses the most serious intelligence threat to the United States and is seeking to "steal its way up the economic ladder" at US expense, FBI Director Christopher Wray said Friday. Wray, speaking at the Council on Foreign Relations (CFR) in Washington, said China poses a "multi-layered" threat to US interests. "Economic espionage dominates our counter-intelligence program today," the head of the Federal Bureau of Investigation said. "More than ever, adversaries target our nation's assets, our information and ideas, our innovation, our research and development, our technology. "And no country poses a broader, more severe intelligence collection threat than China," Wray said. "China has pioneered a societal approach to stealing innovation in any way it can from a wide array of businesses, universities and organizations," he said. "They're doing it through Chinese intelligence services, through state-owned enterprises, through ostensibly private companies, through graduate students and researchers, through a variety of actors all working on behalf of China." Wray's comments come as US and Chinese trade officials are due to resume talks in Beijing on April 30 and then return to Washington for another round on May 8. US President Donald Trump has repeatedly criticized China for what he said was the rampant theft of US know-how and made that a central feature of the ongoing trade talks. Wray said that economic espionage investigations in nearly all of the 56 FBI field officers "almost invariably lead back to China." "And they span just about every industry or sector," he said. "It's illegal. It's a threat to our economic security and, by extension, it's a threat to our national security," Wray said. "This is behavior that violates the rule of law. It violates principles of fairness and integrity. "Put plainly, China seems determined to steal its way up the economic ladder at our expense," he said. The FBI director said the United States "is by no means their only target." "They're strategic in their approach," he said. "They actually have a formal plan set out in five-year increments to achieve dominance in critical areas. "And to get there they're using an expanded set of non-traditional methods, both lawful and unlawful," he said. "The Chinese government is taking the long view," he said. "They're calculating, they're focused, they're patient and persistent." Wray said that for the past couple of decades the United States has "underestimated this threat" posed by China. "People are waking up and realizing that this is a threat that needs to be taken seriously," he said.
Luckin Coffee, Starbucks rival in China, files for US IPO Beijing (AFP) April 23, 2019 China's homegrown coffee chain Luckin Coffee has filed to list publicly in the US as the loss-making company battles to dethrone Starbucks in its home market. Luckin estimated its offering size at $100 million in its Monday filing with the US Securities and Exchange Commission but noted the figure was only set to calculate registration fees. Since it was founded in 2017, the chain has built 2,370 stores as of March 31, focusing on offering customers quick grab-and-go service at its small stores ... read more
|
|
The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us. |