[Dale] China loots as muchas a half trillion dollars'
worth of intellectual property
from the United States each year.
Everything from military secretsto medical breakthroughs.
Some of the Chinese copycats are funny.
But some, like China's rip-offof the state of the art
F-22 raptor are deadlyserious, and it's why
China is closing the gapin the technology race.
China's strategy has been to buy, cheat,
and steal its way to global dominance.
And so far, it's been working.
A 2019 survey found thatone in five North American
based companies had had their intellectual
property stolen by Chinawithin the last year.
Attorney General Bill Barr told Fox News
that Chinese espionageand intellectual property
theft has become a fundamental challenge
to the United States.
- What's at stake iswhether we can continue
to be the technologicalleader of the world.
- [Dale] Barr has begun aJustice Department crackdown
on Chinese intelligence gathering
and intellectual property theft.
A top Harvard Universityprofessor was indicted
two weeks ago for lying about his ties
to China's Thousand Talents Plan,
a program that pays America's best
and brightest minds to work for China.
- They really arebreaking all kinds of laws
that are on the booksin the United States.
- [Dale] Dr. Robert Farleyof the Patterson School
of Diplomacy and US ArmyWar College says previous
American presidents were naive
to think free trade would change China.
- It was a really big bet that outreach
to China was going tochange China politically.
And that part of the bet didn't pay off.
- [Dale] But Attorney GeneralBarr says the Chinese looting
of the US couldn'thappen without the heads
of corporate America whowant to do business in China.
- Because they're willing,ultimately many of them,
to sacrifice the long termviability of their companies
for short term profitso they can get their
stock options and moveinto the golf resort.
- [Dale] And after decades of theft,
the Chinese military is now close
to technological paritywith the United States,
at a time when tensions betweenthe two nations are rising.
Dale Hurd, CBN News.
