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Tuesday, October 03, 2017

Top US Spymaster Warns American Firms About Deals With China

The top U.S. counterintelligence official said American firms need to be cognizant of the national security risks that could arise from selling to Chinese buyers or entering into joint ventures with them.

William Evanina, the Director of the National Counterintelligence and Security Center, said it’s understandable that executives and owners of American companies want to do the most lucrative deals, but they don’t always understand the potential risks to national security.

Evanina’s comments come as the Trump administration and lawmakers in Washington move to toughen the framework for reviewing acquisitions by foreign investors, especially those from China.

"China is our number one adversary with respect to economic espionage," Evanina said in an interview at Bloomberg in Washington Thursday. "Their ability to steal proprietary information and trade secrets is proficient and it’s aggressive."


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