Monday, May 21, 2012

China's ‘Economic Espionage’

SEARCH BLOG: CHINA

From FT via IBN:

China linked to ‘economic espionage’ 
Washington: China is the world’s biggest supporter of “economic espionage”, the Pentagon says in its annual report on the Chinese military which also claimed that Beijing’s defence budget is much higher than official numbers. 
Friday’s report said China would continue to be an “aggressive and capable” collector of sensitive US technological information, including that owned by defence-related companies, and represented a “growing and persistent threat to US national security”. 
“Chinese actors are the world’s most active and persistent perpetrators of economic espionage,” the report said.
Over the years, the subject of China's military and expansionist policy has appeared in this blog many times [see label "China"].  The one persistent graphic is this which first appeared in 2007:

[click image for larger view]

China has since gone on to establish itself as a "trading partner" with Iran and many African nations... and been a continual source of computer espionage against both U.S. government and U.S. business.

Rep. Mike Rogers who heads up the House Intelligence Committee sent this out last month:
House to Consider Bipartisan Cyber Security BillNext week the House of Representatives will consider my bipartisan cyber security legislation.  The Cyber Intelligence Sharing and Protection Act (H.R. 3523), which has over 100 bipartisan cosponsors, allows the private sector to defend its own networks on a voluntary basis.  This bill is designed to protect American innovation and the jobs that come with it from foreign cyber attacks. 
Every day, countries like China and Russia launch countless cyber attacks against U.S. businesses, military targets, and critical infrastructure.  These attacks have increased at an alarming pace over the past few years.  Top intelligence officials estimate over $400 billion in economic output is lost every year due to cyber espionage.  These losses are a direct threat to jobs in Michigan and across the country.  My legislation is a simple solution that would allow the government and private sector to share cyber threat information in order to defend our networks.  It also includes strong privacy and civil liberty protections.  
CLICK HERE to read the text of the bill and additional background.  CLICK HERE
 to read more about this issue in Congressional Quarterly.  CLICK HERE
 for more information in U.S. News & World Report.

2012 IS HERE

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