FBI Director Christopher Wray and United Kingdom MI5 Director General Ken McCallum have urged business leaders to be aware of the threat from the Chinese government and help the government agencies protect corporate secrets from theft by China.
Addressing business leaders in London, Wray said, “We consistently see that it’s the Chinese government that poses the biggest long-term threat to our economic and national security, and by ‘our,’ I mean both of our nations, along with our allies in Europe and elsewhere.”
He said the Chinese government poses an even more serious threat to Western businesses than even many sophisticated businesspeople realize. “The Chinese government is set on stealing your technology–whatever it is that makes your industry tick–and using it to undercut your business and dominate your market. And they’re set on using every tool at their disposal to do it,” he said.
Wray said China often disguises its hand in order to obtain influence and access where companies don’t suspect it. “Outside of China, their government uses elaborate shell games to disguise its efforts from foreign companies and from government investment-screening programs like CFIUS, America’s Committee on Foreign Investment in the U.S.”
Adding to what FBI Director, McCallum said most of what is at risk from Chinese Communist Party aggression…
