Thursday, November 15, 2007

Chinese spying threat to US businesses...

When I attended a recent Town Hall on US Manufacturing Job losses, the topic of the Chinese copying/stealing our technology was discussed as being a major problem for US manufacturers. This CNN report is timely considering it addresses a similar point of discussion, Report: China spies threaten U.S. technology:

WASHINGTON (AP) -- 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.

The U.S.-China Economic and Security Review Commission also said in its annual report to Congress that small- and medium-sized U.S. manufacturers, which represent more than half the manufacturing jobs in America, "face the full brunt of China's unfair trade practices, including currency manipulation and illegal subsidies for Chinese exports."

China's economic policies create a trade relationship that is "severely out of balance" in China's favor, said the commission, which Congress set up in 2000 to investigate and report on U.S.-China issues.

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