AVIC, China’s aerospace behemoth, has been known to try to steal U.S. aviation trade secrets. It's also been allowed to buy them.
Illustration by Richard Neubecker
In May of this year, an 84-year-old inmate in a North Carolina federal prison died from Covid-19. Dongfan Greg Chung’s death barely registered on the local news, but Chung held a unique status in U.S. judicial history: in 2009, he became the first person to ever be convicted of economic espionage.
Born in Liaoning Province, Chung fled with his family to Taiwan when he was 10 years old during the Chinese Civil War. He moved to the U.S. in the 1960s, becoming a citizen and settling down
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Walmart should be in trouble in China, where its competitors are in retreat and its sourcing operations have been criticised by both Beijing and Washington. But the American retailer seems to have found a way forward in a difficult sector and remains one of the biggest benefactors of China-U.S. trade.
The Commerce Department wants to expand export controls to majority-owned subsidiaries of Chinese companies. That could trigger cascading effects — and challenges.
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