China Industrial Policy Seeks to Steal ‘Crown Jewels’ of U.S. Tech

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White House exposes Chinese economic aggression

China’s government is using a multi-pronged strategy to systematically steal advanced American technology as part of economic aggression against the United States, according to a White House report.

The report, based in part on declassified intelligence from the Pentagon and intelligence agencies, provides some of the first public details on China’s industrial policies that have produced the world’s second largest economy, often at the expense of American companies.

China’s Master Plan to Become a ‘World Manufacturing Power’

It may sound odd that China, often called the “world’s factory” is focusing such high-level attention on strengthening its manufacturing capabilities. But China’s leaders effectively want to move up the supply chain – they want China to become known as a leader in manufacturing innovative technologies. In Li’s words, Beijing wants to go from “Made in China” to “Created in China.”

It will come as no surprise, then, that the plan includes a heavy focus on innovation and technology, two themes that have been heavily promoted by current leadership.  Li emphasized the important of fostering innovation in his recent visit to China’s “Silicon Valley.” For Beijing, cutting bureaucratic red tape is one key to unlocking China’s creativity – Li has made this into a personal quest, repeatedly promising to eliminate unnecessary government approvals and streamline the remaining processes.