The Wall Street Journal reports today that Chinese computer hackers may have penetrated the U.S. Chamber of Commerce computer system as long as a year ago.
“What was unusual about it was that this was clearly somebody very sophisticated, who knew exactly who we are and who targeted specific people and used sophisticated tools to try to gather intelligence,” said the Chamber’s Chief Operating Officer David Chavern.
While the article does not state that the hacks originated from a government source, in a likelihood, it was a government entity that did the handiwork.
The war by the Chinese government to acquire U.S. technology and industrial information is unrelenting and waged on many fronts. By tapping the U.S. Chamber systems it was surely targeting the lobbying efforts of one of the largest voices for free enterprise in the United States.
China’s perceived economic “miracle” is not going to last forever, if it was ever really there to begin with. When you build an economy based on stolen technology and other craven economic policies, the game will not last in the long-run. And there are problems starting to surface. In the commercial real estate sector alone, analysts are already predicting major troubles the next few years. And in other areas of the economy the picture is not that good either, inflation is expected to spike soon.
I have several clients with business interests in China. It is not the easiest place to do business. They play by their own rules and abuse their market access to exact what, at time, amounts to economic and legal extortion. Why? Because government officials do not think we have options. That may have been true a decade a ago but things are changing. And they know it.
The Chinese need access to the U.S. market because, without it, it cannot fuel their economy with jobs for billions of Chinese people. Policymakers need to remind these folks that action such as these detailed in this story will have negative consequences for future relations between the two countries.
You can read the entire article by following this link.