U.S. businesses lax as China stole mental property -Senate report

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U.S. businesses lax as China stole mental property -Senate report

By Patricia Zengerle


By Patricia Zengerle

WASHINGTON, Nov 18 (Reuters)Federal businesses responded too slowly as Beijing recruited U.S.-based researchers to switch mental property from American laboratories, leaving U.S. taxpayers unwittingly funding the rise of China’s financial system and navy, U.S. Senate investigators mentioned on Monday.

The Senate’s Everlasting Subcommittee on Investigations launched the 105-page report saying China began within the late 1990s to alternate salaries, analysis funding, laboratory house and different incentives for info from U.S. college laboratories and different analysis establishments, a lot of it publicly funded.

As China spent 20 years recruiting researchers with entry to superior science and know-how, U.S. businesses didn’t adequately reply. The Federal Bureau of Investigation, for instance, didn’t reply strongly till mid-2018, the report mentioned.

Amid rising tensions between the USA and China over points together with commerce and Chinese language growth within the South China Sea, Washington has been confronting Beijing over what…



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