econintersect.com
       
  

FREE NEWSLETTER: Econintersect sends a nightly newsletter highlighting news events of the day, and providing a summary of new articles posted on the website. Econintersect will not sell or pass your email address to others per our privacy policy. You can cancel this subscription at any time by selecting the unsubscribing link in the footer of each email.



posted on 27 May 2015

Chinese Spies, Really?

Written by

This post was triggered by this recent news story: US charges six Chinese nationals for stealing trade secrets.

Here is an excerpt:

The US has charged six Chinese nationals over the alleged theft of technology used in mobile phones.

The six, including three university professors, are accused of using the technology to benefit universities and companies controlled by Beijing.

One of the group, Tianjin University professor Hao Zhang, has been arrested but the rest are believed to be in China.

The story even made its way to the front page of The Wall Street Journal (May 20, 2015), under the title of U.S. Says Chinese Professors Stole Tech, with the second part (page A14) simply titled under "Spying".

What a malicious "Spying" designation in WSJ (Stupid Media)!

I do not know the details of the case. So I will only comment in general terms, based on the information publicly available, so as to give you a different perspective, at least.

1. My take of the story

I do not think these Chinese folks are spies per se, as KGB spies. Rather, this is more likely the case: they came to the U.S. as students, graduated with advanced degrees, worked at some U.S. companies as engineers, saw better opportunities in China, and went back to pursue them. They might have taken with them some technologies from their former employers, as most former employees do everywhere in the world, including the U.S.

The key question is who has the right to these technologies? An engineer might think he owns them, as he developed them. But the company might think it owns everything, including the engineer's brain.

So there may be a legal case here. But going an extra mile to make it a sensational international spying case? Give me a break!

This appears to be a simple IP (intellectual property) rights case - calling it spying is not worthy of even a second tier media outlet. Is WSJ still one of the premier business and financial news publications in the world?

2. How will China respond?

Here are three basic questions:

  1. Will China defend Professor Zhang (circled in the caption photo above)?
  2. Will Professor Zhang win the case?
  3. Will China retaliate?

Let me answer them one by one.

2.1. Will China defend Professor Zhang?

Yes, very likely!

Unlike America, China will not try to save every Chinese citizen abroad, such as an aid worker somewhere in the Middle East, at the expense of a national strategy. But this case is different: a professor of a highly prestigious public university (comparable to the University of Illinois) was arrested in America under charges which are "bogus" by Chinese standards!

It's national honor at stake! So China is likely to respond, with a few million Dollars out of its trillion-Dollar national treasure chest!

2.2. Will Professor Zhang win his case?

Yes and no.

Yes, he will win the case by having the best support from the Chinese government, which means he can afford to, and will, have the best lawyers in America!

No, he will lose because by the time this case is settled, he is likely to have served time while in custody.

He will eventually return to China as a hero!

2.3. Will China retaliate?

No! China is too smart to retaliate against such a stupid incident! Once again, this is an IP rights case at best, a nuance in the Sino-American relationship.

3. Discussion

Overall, I think the U.S. has gone too far against China on IP theft in general and this spy case in specific!

To keep it simple, let me support my thought from two perspectives: entrepreneurship and humanity.

3.1 Entrepreneurship

The accused Chinese professors are somehow like Steve Jobs in entrepreneurship, but not to his extreme, either in youthful recklessness or in ultimate greatness!

3.2 Humanity

For those who get it, no explanation is necessary. For those who don't, no explanation is possible!

4. Closing

America: It's The Political System, Stupid!

Let's compete with China in the political systems, not via various guerrilla battles, such as this "spy" case!

Page Code: 29Count: 819

Click here for Historical News Post Listing










Make a Comment

Econintersect wants your comments, data and opinion on the articles posted.  As the internet is a "war zone" of trolls, hackers and spammers - Econintersect must balance its defences against ease of commenting.  We have joined with Livefyre to manage our comment streams.

To comment, using Livefyre just click the "Sign In" button at the top-left corner of the comment box below. You can create a commenting account using your favorite social network such as Twitter, Facebook, Google+, LinkedIn or Open ID - or open a Livefyre account using your email address.



You can also comment using Facebook directly using he comment block below.





Econintersect Contributors


search_box

Print this page or create a PDF file of this page
Print Friendly and PDF


The growing use of ad blocking software is creating a shortfall in covering our fixed expenses. Please consider a donation to Econintersect to allow continuing output of quality and balanced financial and economic news and analysis.


Take a look at what is going on inside of Econintersect.com
Main Home
Analysis Blog
Are You Feeling the Economic Surge?
Big Mess in Italy
News Blog
How Much Money It Costs To Make Money
Multiple Jobs Needed To Make Ends Meet
The Final Crisis Chronicle: The Panic Of 1907 And The Birth Of The Fed
Is There A Gender Wage Growth Gap?
Moving Averages Can Identify A Trade
Infographic Of The Day: Hobbies That Will Make You Money
Earnings And Economic Reports: Week Starting 05 December 2016
Early Headlines: Green Pty Cancels - Then Appeals PA Recount, IRS Serves Summons On Bitcoin Co, Most Mfg Jobs Lost To Automation, 2017 US Hosing Outlook And More
The Smartphone Market Is Not A Two-Horse Race
Italy's Referendum: What's At Stake And What You Need To Know
There Were Over A Million Casualties At The Somme
The Best Countries In The World
What We Read Today 03 December 2016 - Public Edition
Investing Blog
How To Invest When The Fed Destroys Capitalism
Technical Thoughts: Manage Risk
Opinion Blog
Why Did Trump Win? A Different Perspective, Part 3
Jobs Without Disruptions Through Concordian Economics
Precious Metals Blog
Silver Prices Rebounded Today: Where They Are Headed
Live Markets
02Dec2016 Market Close: WTI Crude Climbed Back Up To Previous 51 Handle, US Dollar Index Trading At The100 Level, Oil Rig Count At 10-Month High
Amazon Books & More






.... and keep up with economic news using our dynamic economic newspapers with the largest international coverage on the internet
Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government



Crowdfunding ....






























 navigate econintersect.com

Blogs

Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day
Weather

Newspapers

Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government
     

RSS Feeds / Social Media

Combined Econintersect Feed
Google+
Facebook
Twitter
Digg

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution

Contact

About

  Top Economics Site

Investing.com Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2016 Econintersect LLC - all rights reserved