China targets American technology in drive to become innovation leader

Photo by: Mark Schiefelbein Robotic military technology was displayed at an exhibition highlighting China’s achievements under five years of leadership by President Xi Jinping. The exhibition at the Beijing Exhibition Hall opened in September ahead of a Communist Party congress this month. (Associated Press/File)

 

China has stepped up efforts to work with American businesses in a bid to acquire advanced technology, part of a drive to become a leading technology-innovation power.

“China is pushing to further deepen technology collaboration with U.S. business and academic institutions as part of a national effort to transform its economy, including by putting China at the leading edge of global technological innovation,” said a U.S. intelligence official who provided a recent assessment of China.

“At the same time, Beijing is trying to downplay concerns that this state-led technology acquisition drive creates an unlevel playing field, forces technology transfers to China, limits foreign companies’ access to the Chinese market and is a threat to U.S. and other companies economic strengths,” the official added. Continue reading