Business Maverick: China is trying to ‘ransack’ Western companies, FBI head warns

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Christopher Wray said China’s spies were snooping on ‘companies everywhere from big cities to small towns’. The Asian super power denies the accusations, saying it is a victim of cyber snooping and calling the US ‘empire of hacking’.

FBI director Christopher Wray warned Western companies that China aims to “ransack” their intellectual property so it can eventually dominate key industries, escalating a dispute between the world’s two largest economies over hacking.

China was running a “lavishly resourced hacking program that’s bigger than that of every other major country combined,” Wray said, according tofrom the US government. The nation “sees cyber as the pathway to cheat and steal on a massive scale,” he added. China denies the accusations, saying it is a victim of cyber snooping and calling the US “empire of hacking”. The Foreign Ministry in Beijing didn’t immediately respond to a request for comment on Thursday.

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