Chinese Spies Threaten US Technology

A new Congressional advisory panel issued a report saying that Chinese spies stealing technology from US companies represents a real threat to the economy. I have written before how Chinese spies are stealing DOD technology under development and are trying to sell it to our enemies.

From the AP here:

Chinese spying in America represents the greatest threat to U.S. technology, according to a congressional advisory panel report Thursday that recommended lawmakers consider financing counterintelligence efforts meant to stop China from stealing U.S. manufacturing expertise.

China denied any spying activities, stressing the importance of healthy economic ties with the U.S.

In the report, the commission said China’s spies allow Chinese companies to get new technology “without the necessity of investing time or money to perform research.” Chinese espionage was said to be straining U.S. counterintelligence agencies and helping China’s military modernization.

One of the problems with a culture that steals so much instead of coming up with their own processes for manufacturing, is that taking shortcuts in business usually leads to failures, either financially, or in the products under development. We are seeing evidence of this now with all of the Chinese toy recalls. Could you imagine how crappy their cars must be if they use date-rape drugs for toys?