In many of these investigations, however, what is peculiar to observe is that the individuals who are indicted are not traditional spies and include students and members of academia, such as scientists, professors and researchers. These numbers make for a compelling case against Beijing, and come at a time when geopolitical, technological and economic rivalry has reached new heights between the U.S. While estimates vary, this causes the American economy an annual loss of roughly $320 billion. Department of Justice (DoJ), China is involved in more than 90% and 67% of economic espionage and trade secrets theft cases, respectively. was a market leader in the technology.Īccording to the U.S. semi-conductor company, Micron, at a time when U.S. For instance, in 2018 a state-owned Chinese company was accused of stealing dynamic random-access memory (DRAM) technology from a U.S. Using these as tools to “rob, replicate and replace” American technology, a clever ploy has been setup to support China’s strategic goals – such as, Made in China 2025 – to promote domestic manufacturing in next generation technology and conquer global markets. The Act anchors Washington’s commitment to guarding innovation, technology and scientific advancements – a key component to securing US’ eponymous role as the global superpower.įor long, Washington has accused China of being the largest perpetrator of economic espionage and intellectual property theft in its region. The objective of the statute makes a clear connection between the “economic health and security” of the United States and the protection of intellectual property and trade secrets. With the help of this information, foreign entities can either reduce or simply leapfrog research and development costs, and capitalize on new technology to boost their country’s economy.Įconomic espionage and theft of trade secrets is a crime in the U.S. Economic espionage refers to targeting or acquiring of trade secrets to benefit any foreign government, or any foreign company. In the post-war era, however, where countries have revised national priorities to defend their technological and economic prowess, espionage has evolved to obtain new kinds of information. US crackdown on economic espionage could hurt research and innovation.Įspionage, the world’s second oldest profession, has long been a central tool of statecraft.
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