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    The US Congress building is seen at dusk on the eve of a possible government shutdown as Congress battles out the budget in Washington, DC, September 30, 2013.

    GOP to Fast-Track New Bill Cracking Down on 'Chinese Economic Espionage'

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    WASHINGTON (Sputnik) – Senate Republicans intend to prioritize legislation to crack down hard on China's economic espionage in the United States, Senator Lindsay Graham said on Thursday.

    “The Chinese Economic Espionage Act is going to be one of the centerpieces of what we do”, Graham told an audience at the Heritage Foundation. “The bill’s aim is to stop them to the extent that they’re abusing our laws – the immigration laws — and making them pay a higher price”.

    READ MORE: Germany Warns Huawei's Exclusion From 5G Network to Backfire Amid US Threat

    Some 46 percent of the US population sees sees China and its growing economic power as a "critical threat" to the United States, a recent Gallup poll revealed.

    It is “certainly easier to steal somebody’s ideas than it is to generate them”, Graham said. Congressman Doug Collins told the Heritage audience that the Chinese were now “sitting on the Moon” because of stolen intellectual property from the United States.

    In recent years, China has come under increasing criticism over its alleged wide-spread theft of intellectual property and economic espionage, with Chinese businesses being accused of stealing trade secrets from foreign companies to incorporate technologies into their own devices and passing counterfeit goods as products of famous brands, among other things.

    READ MORE: ‘Government-Sponsored Cyber Theft’ Brought Up at Economic Forum With China

    The violation of intellectual property rights has, in particular, soured China's relations with the United States, with the issue being among those that prompted US President Donald Trump to unleash a trade war on Beijing.

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    economic espionage, Republicans, bill, US Congress, China, United States
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