According to the 2017 Report of the Commission on the Theft of American Intellectual Property, the annual cost to the U.S. economy from intellectual property theft exceeds $225 billion and could be as high as $600 billion. In 2015, the Office of the Director of National Intelligence estimated that economic espionage through hacking costs Americans $400 billion per year. The Chinese government is estimated to be responsible for 50 to 80 percent of cross-border intellectual property theft worldwide[1] and a 2013 Verizon report claimed China is responsible for 90 percent of cyber-enabled economic espionage in the United States.[2] The profit China derives from stolen commercial secrets is so great that it likely accounts for a large portion of China’s often-touted miraculous economic growth. Many experts, academics, Western governments, and cyber firms have identified this theft. All who have worked in China knows this is true but virtually no one proposes anything to remedy the...(Read Full Article)