US launches initiative for Chinese trade theft cases

Press Trust of India  |  Washington 

has announced an initiative that will deal with Chinese trade cases, saying there should be an end to "cheating".

"Chinese economic espionage against the has been increasing -- and it has been increasing rapidly. We are here today to say: 'Enough is enough'. We're not going to take it anymore," said.

The said he had ordered the creation of a "Initiative" that would identify priority Chinese trade cases and bring those to effective and quick conclusion.

"This will help us meet the new and evolving threats to our economy. Today, we see Chinese espionage not just taking place against traditional targets like our defense and intelligence agencies, but against targets like research labs and universities, and we see Chinese propaganda disseminated on our campuses," he said.

It will be led by John Demers, who heads the of the The team is composed of a senior FBI Executive, five US attorneys, several other leaders and officials.

The new initiative, Session said, would address two major responsibilities of the National Security Division: review of investments and licenses in the country's infrastructure and telecommunications; and counter covert efforts to influence leaders and the general public.

"International trade has been good for China, but the must stop. And we must have more law enforcement cooperation; cannot be a safe haven for criminals who run to when they are in trouble, never to be extradited. China must accept the repatriation of Chinese citizens who break US and are awaiting return," he said.

The US will continue to charge wrongdoers based on carefully-conducted investigations done with integrity and professionalism, not politics, said. "To be prosperous trading partners, integrity and cooperation are essential.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, November 02 2018. 02:40 IST