According to FBI Director Christopher Wray’s congressional testimony on Wednesday, China is now requiring U.S. and other foreign-owned companies to host groups that monitor their compliance with Chinese Communist Party orthodoxy.
Wray stated that this is one of the ways in which the Chinese government has “exploited” joint business ventures to gain access to companies’ secrets and information. He emphasized that no other country poses a broader and more comprehensive threat to ideas, innovation, and economic security than the Chinese government and the Chinese Communist Party.
Wray described China’s alleged government intrusion into foreign business as the defining threat of our era.
These strong criticisms from Wray regarding China’s actions in foreign business highlight the high tension between Beijing and Washington. His remarks come at a time when Secretary of State Antony…
2023-07-12 22:35:00
Article from www.cnbc.com
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