IP theft sustains China’s economy.

China is now an undeniable economic superpower. It has attained this status through endless dishonesty and a simple combination of lying, cheating, and stealing. The Chinese Communist Party has deployed a full array of economic weapons, including intellectual-property theft, corporate espionage, forced technology transfer, widespread product dumping, and currency manipulation.

Intellectual-property theft is China’s most blatant, lucrative, and consistent act of economic warfare. The PRC is the world’s most prolific IP thief many times over. China commits up to 80 percent of all intellectual-property theft against the United States, produces over 70 percent of all counterfeit goods shipped into our country, and is the subject of nearly half of all FBI counterintelligence cases involving economic espionage. China steals the equivalent of Arkansas’s economy in intellectual-property theft at least twice every year.