Tags: China | Joe Biden | intellectual property theft | businesses

China Stands Ready to Exploit Biden's Weakness

two heads with chinese and american flags on them
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By Monday, 28 December 2020 09:15 AM Current | Bio | Archive

As Director of National Intelligence John Radcliffe stated in a December 3 Wall Street Journal op-ed piece, resisting Beijing's attempt to reshape and dominate the world is the challenge of our generation.

DNI Radcliffe wrote, "If I could communicate one thing to the American people from this unique vantage point, it is that the People's Republic of China poses the greatest threat to America today, and the greatest threat to democracy and freedom worldwide since World War II."

The U.S. government estimates that China's intellectual property theft costs America as much as $500 billion a year, or between $4,000 and $6,000 per U.S. household.

An example involved the Chinese wind-turbine manufacturer Sinovel which a 2018 federal grand jury found guilty of stealing trade secrets from American Superconductor. That theft resulted in the U.S. company losing more than $1 billion in shareholder value and cutting 700 jobs.

Sinovel has since built a worldwide business at the expense of ingenuity it stole from an American enterprise.

Universities and other research and technology institutions are major Beijing intellectual property espionage targets.

Houston's MD Anderson Cancer Center terminated three scientists over China cancer research theft concerns in 2019, and the head of Harvard's Chemistry Department was arrested early last year on alleged charges of receiving $50,000 a month from a China sponsor as part of a plan to attract top scientists and reward them for stealing information.

China is heavily invested in developing world-class emerging information technologies to expand covert access to highly sensitive corporate and government networks, including those populated by U.S. military defense contractors.

As discussed in my book "Cyberwarfare: Targeting America, Our Infrastructure and Our Future," some of these malicious activities involve the introduction of vulnerabilities into safety-critical network software and equipment such as financial institution systems and energy grid controls.

President Trump has imposed substantial fair-trade tariffs, cracked down on technology theft, and clamped national security restrictions on sales of U.S. software chips or technology to Chinese telecom giant Huawei, and has pushed other countries to ban it from their 5G networks.

We can only hope that the new Biden administration will build upon rather than dismantle Trump's hardline intellectual property protection policies.

Beijing has launched massive influence campaigns aimed at reshaping America's culture and political environment. Substantial financial investments have been targeted upon pro-China U.S. entertainment influence, most particularly through big purchases of the Hollywood film industry.

An aggressive China espionage and influence campaign against U.S. government officials which dates back at least a couple of decades from the time a spy agent first gained employment as California Democrat Sen. Diane Feinstein's driver, including a time when she chaired the Senate Foreign Intelligence Committee.

More recently we have witnessed the salacious saga of U.S. Rep. Eric Swalwell, D-Calif., who serves on the House Intelligence Committee having been "compromised" by an intimate relationship which began in 2012 with a Chinese spy named Christine Fang ("Fang Fang").

Fang was then a student in the Bay Area who was actively involved in raising money from legitimate U.S. sources for up-and coming Democrat office candidates. She became an active financial bundler for Swalwell's congressional election and reelection campaigns.

Perhaps incuriously we can recall that Swalwell was one of the loudest and most persistent voices accusing President Trump of "Russian collusion," yet never a peep regarding China as a national security threat.

Yet as DNI Radcliffe observed, "China is targeting members of Congress with six times the frequency of Russia, and 12 times the frequency of Iran."

The Chinese Communist Party (CCP) has achieved an unprecedented reach into the pockets of the best politicians money can buy, with the Joe Biden family serving as a prime example.

Hunter Biden's murky investment fund has allegedly received large amounts of capital from CCP-connected Chinese oligarchs which brings into question how much Beijing extortion leverage might potentially be applied over Biden's new presidential administration.

Incidentally, the Biden family isn't the first to accept Chinese cash, not by a long shot. President Bill Clinton funded his 1996 re-election campaign with donations from China.

Beijing sponsors have richly funded innocent-sounding campus organizations such as Confucius Institutes and the Chinese Students and Scholars Associations (CSSA) to promulgate pro-China propaganda and political censorship against anti-CCP university professors and speakers.

China also holds substantial financial leveraging positions in U.S. pension or sovereign funds. The California Public Employees Retirement Systems (CalPERS), is estimated to have approximately $400 million in investments across several large state-controlled companies, including China Mobile, China Telecom and China Unicom.

President Trump issued an executive order last November that cut off new American investments in 31 Chinese "military-controlled" companies, banning them from American stock and investment markets, and from being held in pension fund portfolios. Effective in January, investors who already hold stocks and securities in those companies must exit their holdings by November.

The Defense Department determined that each of those companies "supports the modernization goals of the People's Liberation Army (PLA) by ensuring its access to advanced technologies and expertise acquired and developed by even those PRC companies, universities, and research programs that appear to be civilian entities."

The banned list, which was ordered by Congress, is heavy weighted with companies involved in electronics, space and aviation, communications, construction and shipbuilding.

Whereas Donald Trump has stood strong against China's acts of U.S. and global tyranny, Joe Biden will more likely emphasize reestablishment of Barack Obama's conciliatory relations with Beijing, with an emphasis upon support for his party's far-left Green New Deal energy and climate change priorities.

DNI John Radcliffe urges us to recognize that our generation will be judged by its response to China's effort to reshape the world in its own image and replace America as the dominant superpower. He wrote, "The intelligence is clear. Our responses must be as well."

We can bet that Beijing will be carefully listening to exploit weaknesses in those Biden responses.

Let's pray they don't hear deafening choruses of concession from a choir of White House crickets.

Larry Bell is an endowed professor of space architecture at the University of Houston where he founded the Sasakawa International Center for Space Architecture (SICSA) and the graduate program in space architecture. Larry has written more than 700 articles for Newsmax and Forbes and is the author of several books. Included are: "How Everything Happened, Including Us" (2020), "Cyberwarfare: Targeting America, Our Infrastructure and Our Future" (2020), "The Weaponization of AI and the Internet: How Global Networks of Infotech Overlords are Expanding Their Control Over Our Lives" (2019), "Reinventing Ourselves: How Technology is Rapidly and Radically Transforming Humanity" (2019), "Thinking Whole: Rejecting Half-Witted Left & Right Brain Limitations" (2018), "Reflections on Oceans and Puddles: One Hundred Reasons to be Enthusiastic, Grateful and Hopeful" (2017), "Cosmic Musings: Contemplating Life Beyond Self" (2016), "Scared Witless: Prophets and Profits of Climate Doom" (2015) and "Climate of Corruption: Politics and Power Behind the Global Warming Hoax" (2011). He is currently working on a new book with Buzz Aldrin, "Beyond Footprints and Flagpoles." Read Larry Bell's Reports — More Here.

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The U.S. government estimates that China's intellectual property theft costs America as much as $500 billion a year, or between $4,000 and $6,000 per U.S. household.
intellectual property theft, businesses
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2020-15-28
Monday, 28 December 2020 09:15 AM
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