Today's Business Headlines: 9/5/24
China ’s government has positioned itself to embed “Communist Party spies” at Microsoft and other US companies that do business in the country – and further expose them to theft of trade secrets, employee poaching and even scary intimidation tactics, The Post has learned.
Corporate spies for Beijing could likewise seek to infiltrate confidential meetings or even facilitate intellectual property theft by telling an employee to put a flash drive into a particular computer, said the House aide, who asked not to be identified. “In the past, they’ve done so in ways that I would characterize as external — that is, government acting upon a corporation,” said Rosenzweig. “Now they’re adding an internal control, an employee representative. If you wanted to be ungenerous, you could call him a Communist Party spy.
“Sooner rather than later, all of these corporations are going to find that they’re going to be absorbed into the CCP and into China,” Gimenez said. “The sooner they start to extricate themselves from China, the better they’re going to be, but also the better America is going to be.” in China over perceived risks – including concerns that China could hack the facilities, steal sensitive technology or poach key employees to build its own rival firms.
Sen. Marsha Blackburn said Congress has “long known that Beijing will steal confidential business information and technology from companies operating in China.”
Tech China Communism Congress Cyber Spying Exclusive Lawmakers Microsoft
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