FBI warns corporations about Chinese theft
Sunday, August 30, 2020 | Tag Cloud Tags: Economy, FBI, News, technology, Trade, War, Washington, Worthy News | Learn about out FREE SYNDICATION
(Worthy News) – Chinese technology theft costs the American economy $225 billion to $600 billion annually in stolen trade secrets, pirated software and counterfeit goods, according to a new FBI report.
“The Chinese government is the world’s principal infringer of intellectual property, and it uses its laws and regulations to put foreign companies at a disadvantage and its own companies at an advantage,” the online report said in a warning to American corporations.
Business with foreign counterparts must be based on reciprocity and grounded in the rule of law, the report noted, but “the Chinese government does not play by the same rules.” [ Source: Washington Times (Read More…) ]
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