CCP Steals Up to $600 Billion a Year in US Intellectual Property, Experts Warn

Chinese Leader Xi Jinping raises his hand as he votes during the closing session of the 20th National Congress of the Chinese Communist Party at The Great Hall of People in Beijing, on Oct. 22, 2022. Kevin Frayer/Getty Images

The Chinese Communist Party has been stealing U.S. intellectual property for years, costing Americans up to $600 billion annually, the equivalent of $6,000 for every family, an expert testified on Capitol Hill on March 8.

The theft has been systematic, deliberate, and obvious—but not adequately addressed by the federal government, witnesses said.