Posted on 06/01/2023 6:49:39 PM PDT by SeekAndFind
The United States lacks an effective tool to adequately combat widespread espionage and intellectual property theft being perpetrated by China’s communist regime, according to a U.S. Treasury Department official.
Despite years of competition and ongoing IP theft, the United States has not developed the tools required to target and prevent the continued transfer of sensitive U.S. technologies to China, according to Assistant Secretary of the Treasury Paul Rosen.
“We currently assess we don’t have an effective tool to target the money and sophistication with know-how that goes into these sensitive and most critical technologies into countries of concern,” Rosen said during a May 31 hearing of the Senate Committee on Banking, Housing, and Urban Affairs.
“We risk leaving a gap in terms of some of our national security concerns,” he said.
Rosen added that the Biden administration was committed to “zealously” defending U.S. security interests, and would prioritize those interests over economic development if necessary, but required more tools to do so.
“The United States will secure our interests and those of our allies and partners,” Rosen said.
“We will not compromise on national security concerns, even when they force trade-offs with economic interests.”
Rosen’s remarks confirm expert testimony delivered to Congress last year, which stated that the Chinese Communist Party (CCP) is engaged in anti-competitive and anti-free market practices on a global scale, and that the United States lacks adequate non-security tools to defend its interests.
Sen. Sherrod Brown (D-Ohio), the committee chair, said that the United States had fostered a system of policies over the course of several decades that had strengthened China at the expense of the American people. The nation’s current struggles to counter China, he said, are owed to policies that benefited corporate profits instead of American well-being.
“For far too long, our policy around China catered to multinational corporations and failed working families. It destroyed local communities, it eroded our manufacturing base and international competitiveness,” Brown said.
Brown added that U.S. policymakers “knew” corporations would terminate millions of U.S. jobs in favor of dirt cheap labor in China, but still granted the regime permanent most-favored trade status in the 1990s. Since then, he said, consecutive administrations had failed to correct the imbalance in China’s favor.
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Death penalty for treason would be an effective tool.
We are being governed by malicious morons.
L
You would have to kill a shitload of corporation CEOs to make the treason punishment work. Every factory, every technology product, every job exported, that is the essential tool that China has to gain our intellectual property.
China is using Taiwan as a base of theft.
They are playing a game to make the US think Taiwan is friendly, while they’ve placed their spies and moles everywhere in Taiwan.
That’s why it’s dumb to rely on them.
It would be nice if they would say what the effective tool is. If you lack a tool to drive nails, you would say you lack a hammer. That would be effective.
The Obama/Soros group is winning.
I know of US aerospace manufacturing companies that farm out CNC programing of parts to communist Vietnam...completely in violation of ITAR/ITASS...I don’t know how common the practice is, but it is happening. And yes...you can reverse engineer parts from CNC programs.
Ok, but don’t have to right away. Who are getting arrested every few months for passing sensitive info to China that wasn’t already there? Not CEOs and it’s not due to factories there instead of here. It’s people who are working here and passing stuff off. Got to start somewhere and that’s a fairly easy one.
They have the tools. They just refuse to use them. Unless a conservative or one one of America’s allies is somehow involved.
Sure it does, the FBI. Oh wait ….. never mind.
👍👍👍👍👍
Theft? How is this theft when Biden was paid good money by the CCP to look the other way?
Well, maybe DC white liberals can stop taking bribes from China. It’s not a perfect tool but it’s a start.
here’s a thought...
don’t let their scientists thru the name access doors when you invite them to your weapons labs.
hell... don’t invite them to the labs at all.
then again, i’m crazy. what do i know...
Obummer v3.0 is firmly in control.
Missing tool = Spine
Just do what Trump did, either cut them off from imports from us or tariff the he— out of them. Nobody’s happy when they’re hungry.
https://tradingeconomics.com/china/imports/united-states
wy69
As I have often said, “China can never rule the world because the Chinese have to steal innovative ideas.”
They are brilliant at copying. Creation is not their strong suit.
Who rules the world are the great minds who innovate and create.
Or their "grad students" into our universities.
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