WASHINGTON—Beijing now leads in a number of emerging revolutionary technology industries, and U.S. government officials are sounding the alarm, saying the country’s relationship with the Chinese Communist Party (CCP) must change when it comes to technology transfers.
Michael Brown, the director of the Defense Innovation Unit at the Department of Defense, warned on Oct. 29 about the near-term direct costs of China’s technology thefts. His comments during a panel discussion at the headquarters of the Center for Strategic and International Studies included how U.S. companies will lose market share due to China’s “Made in China” 2025 plan, which he said is a large import substitution plan to transfer economic output from other countries to China.
