China steals between $250 billion and $600 billion in U.S. technology and intellectual property annually, according to a White House report. The theft happens through company acquisitions, a state-run talent recruitment program, visa fraud, and the recruitment of researchers to transfer knowledge back to China.
People don't know, and I'd like you to expound on this for a moment. It's always said, but I am sure 90% of Americans don't know what this means when we speak about their theft of intellectual property. I think that's unbelievably important. Explain it.
Mm-hmm. For decades now, again, we had this unfettered engagement policy, which by the way, led to the loss of all the secrets on our nuclear warheads, multiple warhead technology, but From our current period, the amount of intellectual property and technology theft, and this was outlined in a White House report last year, is a staggering sum. They estimate that between $250 billion annually and $600 billion annually in American technology and intellectual property is being stolen by China. And no nation can survive when the basis of your economy is so heavily oriented towards China. How do they steal it? Through a combination of illicit and licit means, buying up companies. Just this week I wrote a story for the Free Beacon on the arrest of a Chinese national who's part of what's known as the Thousand Talents Program. They were doing visa fraud and they were basically bringing in Chinese officials who were coming in ostensibly to do research at universities like MIT and others, and in fact they were recruiting Asian Americans and others to go back to China and basically build up the Chinese military and civilian economy.
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