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Chinese cyber-espionage in the US has been "pervasive" and extends to academic labs. "It has been going on in every aspect of Western businesses
It is part of a broader struggle as China strives to gain technological knowhow to power its economy and its challenge to the geopolitical order, while the US does its best to prevent a serious competitor to American power from emerging.
The theft of trade secrets is attractive because it allows countries to "leapfrog up global value chains relatively quickly - and without the costs, both in terms of time and money, of relying completely on indigenous capabilities", Nick Marro of the Economist Intelligence Unit.
But According to Ray Wang, founder and CEO of Silicon Valley-based consultancy Constellation Research, the US still holds the advantage. "My cyber-security friends tell me when they hack Chinese sites, the only worthwhile tech [they can find there] is US intellectual property," he said. KEK
