8/16/2023 0 Comments Industrial spies![]() ![]() ![]() Xu began a pressure campaign to get the engineer, who had family in China, to reveal more and more information about the engine tech the Chinese government had targeted.īut the FBI discovered the GE engineer's travel and alerted GE, which confronted the engineer in a dramatic meeting at the company's Cincinnati offices. Posing as an academic official and using a fake name, Xu was introduced to the GE engineer who was visiting Nanjing, China, to give a speech at a prestigious university. In 2017, Xu Yanjun pursued an engineer at GE Aviation who had valuable knowledge of the company's jet engine composite fan blade technology. aerospace industry, including GE, Boeing and Honeywell. "China's Corporate Spy War" details an FBI sting operation that took down Chinese Ministry of State Security officer Xu Yanjun, a spy who targeted employees at icons of the U.S. "And that presumption that we were all working on, that the closer we all come together, it's going to be kumbaya, I think has proven to be factually wrong." "I was part of the more general consensus: the more you bring China in the … everything's going to come along," Warner said. Mark Warner, D-Va., admitted in an interview with CNBC that he brought an approach to China that has turned out to be wrong. His Democrat counterpart on the committee, Sen. "I think every major American corporation in any of these fields needs to assume that they are a target to be either replaced or gutted," Rubio said. companies are "committing long-term suicide" by doing business with China and risking their high technology trade secrets. competition.Īsked whether the Chinese government wants to compete with or eliminate American companies, FBI Director Christopher Wray told CNBC: "Well, their definition of competing, I think, involves embracing the idea of eliminating." But officials now say the effort is more nefarious than generally understood, viewing - in many cases - an adversary that wants to eliminate the American companies they are targeting, not just narrow the gap between Chinese firms and their U.S. Personal Loans for 670 Credit Score or Lowerįor years, corporate America largely saw theft by the Chinese government and state-run companies as an attempt to catch up with advanced U.S. Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit ![]()
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