Barrons, one of the very top economic publications has released an article how China is waging a full scale economic war on the US by stealing as much IP as possible, by a multi channel attack covering everything from sending students here, to front companies whose real purpose is to acquire information on the cheap through deception or outright theft to outright hacking through numerous channels. Their strategy also involves abusing partnerships, educational institutions, employment and business alliances in a number of ways. It also involves abusing our court system by suing and then using the discovery process to get at a technology. This is a full scale economic war and the rest of the world better wake up. It also involves the theft of data, which is now the new gold. Europe has recently sanctioned China over their actions in these areas. It's time to wake up and realize this is not competition, but economic warfare. We must fully realize as long as China continues to benefit, they will only get more brazen. China is a smart, powerful country and I wish they would realize collaboration would be far more profitable and speed progress even more, for working together is far more efficient, transparency is key. In wars, everyone looses something, even the victor. Wisdom on all sides will be required to turn this from a full scale war, to an economic/technological revolution that benefits not only the rich and powerful nations, but the poorest. Comments, thoughts and additions, solicited and welcome.
China has targeted America’s most productive economic sectors for years. As we rebuild after the pandemic, the U.S. government should stand shoulder to shoulder with industry.