Originally appeared at ZeroHedge
After this week the FBI said the Chinese government is acting like “an organized criminal syndicate” for widespread cyber theft and hacking of American trade secrets as well as coronavirus research, State Department spokesperson Morgan Ortagus said on Thursday it’s estimated that China stole at least $1 billion total in research from the United States.
She further identified the Chinese consulate in Houston, which the US has ordered closed and to “cease all operations and events,” as being “the epicenter” of the alleged research theft.
Mike Pompeo is expected to further address the matter this morning, as well as possibly the search for a Chinese military researcher in California wanted by the FBI, but who subsequently was given safe harbor in the Chinese consulate in San Francisco.
An angered Beijing has vowed to issue reciprocal measures in the wake of the Houston consulate closure.
But China’s foreign ministry has been vowing such a response also in the wake of human rights abuse related sanctions the Trump administrations rolled out earlier this month.
Nothing significant has yet to materialize, however, as it appears Beijing is looking for an off-ramp amid the intense Washington pressure campaign. So far it remains at the level of serious counter-threats:
We strongly condemn and firmly oppose the abrupt demand for closure of Chinese Consulate-General in Houston. This is a political provocation. We urge the US to immediately revoke this erroneous decision. Otherwise, China will have to respond with legitimate and necessary actions. pic.twitter.com/XGZr1tXtzp
— Chinese Embassy in US (@ChineseEmbinUS) July 22, 2020
Meanwhile, all of this is just in time for a major gathering for China’s top decision-making body:
“…scheduled for the end of this month, it will be closely watched by economists and analysts keen on sussing out signals from the top Chinese leadership over what Beijing will do next, after the nation saw surprising economic growth in the second quarter.
At the mid-year meeting of the 25-member Politburo of the ruling Communist Party, President Xi Jinping is expected to set the tone for future economic policies in the second half of the year and even beyond.”
Recall that previously foreign ministry spokesman Zhao Lijian promised that “In response to the wrongful move by the US, China has decided to take reciprocal action against institutions and individuals who have acted egregiously on Xinjiang affairs.”
Thus we could finally see what these big measures are following the Politburo meeting soon to take place by close of this month.
Chinese bastards steal everything, I hope the entire world makes them pay for the virus they spread and their thefts.
Yeah, the West should pull out the jobs from there and eventually move some of them in allied countries.
Yeah, or even other ASEAN countries like Vietnam, Thailand or Indonesia. Stop feeding the Chinese monster, once no one buys their products they will back down.
Man you are dumb
Agree, when I said allies I meant Nam and the others too.
GET OFF THE CRACK!
Israel should start by canceling the Haifa port agreement. Oh crap, too many shekels on the table. Remember, money before principles.
That was a corrupted deal made by Bibi, a new Israeli PM won’t allow it.
Oh yes he will, money talks, esp. with you lot.
Learn Israeli politics better, Bibi is the most hated politician and a new Israeli PM would do exactly the opposite from him.
Nah, not when it comes to the crunch. They’ll all want to imitate that monster, jealous of how he managed to stay at the top so long.
Many Israelis are protesting against that bastard, he is going to fall down soon. THe public is angry at him, we are fed up of his lies and we are not backding down this time.
That’s the public; the politicians is a different story.
Votes suggest opposite,minions!
Esp. for that lot.
Why would vietnam side with losers usa? Never forget vietnam/cambodia/laos genocide perfomed on behalf of demonrat wanker johnsone,you got sht,nazi!
US companies should pull out of the largest market in the world leaving a vacuum to be filled with domestic Chinese production? You want US companies to leave half a trillion dollars on the table:
https://www.quora.com/While-the-US-trade-deficit-with-China-is-300B-how-much-profit-do-the-US-companies-make-in-China-every-year
You’re a bigger idiot than I thought.
I see you can’t read your own source :) it says 31 billion profit from a total trade volume of half of a trillion, moving their assets in a different place could make only… half of the profit which would mean only 15 billion instead of 31? I know you hate numbers but maybe tomorrow when I have time I’ll make a small drawing for you so you can understand the difference between trade and profit.
Teach you grandmother to suck eggs. Revenue generation is indicative of both market penetration and capitalization for the entity to be considered on-going. It also allows easier access to credit for expansion and promotes employment that ultimately creates wealth for all stakeholders involved. In your wisdom you would leave 16 billion USD of profit on the table. Please do tell the shareholders in what market you would like this shortfall to be made up?
“It’s better to keep your mouth shut and appear stupid than open it and remove all doubt” – Mark Twain
Teach your grandmother to suck eggs. Revenue generation is indicative of both market penetration and capitalization for the entity to be considered on-going. It also allows easier access to credit for expansion and promotes employment that ultimately creates wealth for all stakeholders involved. In your wisdom you would leave 16 billion USD of profit on the table. Please do tell the shareholders in what market you would like this shortfall to be made up?
“It’s better to keep your mouth shut and appear stupid than open it and remove all doubt” – Mark Twain
Your poor ass Ruskie thinks 16 billions is too much. USA ordered 4 Trillion dollars to be printed from April to June and the Dollar didn’t depreciated a cent against the Ruble. Go eat your buckwheat and worry less about them shareholders :)
Your logical fallacy is:
https://yourlogicalfallacyis.com/strawman
Here’s your quote:
You want US companies to leave half a trillion dollars on the table.
Strawboy
If companies leave China they are leaving half a trillion dollars of revenue on the table. Whether the revenue can or can not be generated in a different market does not change this fact. Do you even know what a strawman argument is?
No, they are leaving the profit not the revenue, the revenue is not theirs. But you like to repeat that number because it sounds bombastic.
“No, they are leaving the profit not the revenue…”
Profit is derived from revenue. Profits are maximized when marginal revenue equals marginal cost. By leaving the Chinese market US companies are ceding revenue to their competitors.
This is economics 101, not very hard to comprehend. Your ignorance on the subject keeps surfacing over and over again. It’s pretty pathetic.
Go drink your vodka and stop being sad
Actually $ lost 5% its value compared to the Euro. And according to experts will lose 30-40% in the coming months. The Ruble is tied to the oil price. But not the way most people think. So you are comparing apples and oranges. Ruble is devalued deliberately same as the Yuan. That’s not the case with the USD.
30-40% will be devaluated the Ruble?
The USD. Watch it in the coming months… The FED is playing with fire, risking a runaway hyperinflation with their unlimited moneyprinting. It would be even risky under normal circumstances, but now…? Not a good idea. Unfortunatelly the U.S. is in a corner financially.
ROFL and the Ruble won’t be devaluated too?
Only if the oil prices fall. Its tied to it.
And that depends of the economic war between China and USA
Yeah, but its less risky than trillions of debt and QE Unlimited.
Can we agree to call it the Petroruble?
No because its also backed by $570billion of Forex Reserves and a production based economy with trade surplus.
So it is backed by 570 billion of Petrodollars?
I only used $ so you dont have to calculate. Russia sold majority of its U.S. bonds. The $570billion mainly in Gold,Rubles, Euro, Yuan…
your pig ‘thinking” amuses me
You and jimy james are the most witty in the comments, do you use the same PC by chance?
I’m not like you selfies,but what i say goes,not cia gimp,yet it very well may save your life too,instead of end up assflogged on the other side,you have 4-5 mths!
So I should quit my job and find someone that pays me in Rubles… or I will die :(
bacon has a habit of embarrassing herself here
The US are the biggest thieves you retard. Stealing from Europe as the US industrialised and then stealing well over100,000 patents from Germany at the end of WW2.
Yeah, they steal everything. That’s why they filed the most patents in the world at the WIPO in 2019 beating out the United States who held the title for 40 years:
https://www.wipo.int/pressroom/en/articles/2020/article_0005.html
I guess the Chinese also stole all that 5G and high speed rail tech the United States doesn’t have.
Go read what’s Echelons Program of ZUS 5Eyes Spy network. Zionist jews controlled US-UK-Israel is largest unrivalled thieves of IP and trade secrets, bandits of technologies, and all the VIRUS bioterrorism launchers.
Chimera Coronavirus-COVID was developed in US Colorado University in 2008~2015, published in UK Nature@2015. https://jamesfetzer.org/2020/04/gordon-duff-documentary-proof-university-of-north-carolina-generated-covid-19/
A Shocking Update. Did The Virus Originate in the US? Japan, China and Taiwan Reports on the Origin of the Virus By Larry Romanoff https://www.globalresearch.ca/china-coronavirus-shocking-update/5705196
They must have had lessons from the zioracists, who steal land like there’s no tomorrow, as well as nuclear technology from their “most trusted ally” across the Pond.
Won’t happen,infact nothing you say happens,unless deep state/iran no do sht to israel hits?
You do know that the virus was a JOINT globalist effort? But don’t let facts get in the way of your narrative.
israel is the largest thief
….and this is not the only thing they have been doing.
Tell us then you mental midget
They stole our freedom concept. Thats why China has money and America today stand in a row to soupkitchens. They are free, and we are slaves because of their stealing
“They stole our freedom concept.”
I don’t think the Chinese are going to start bombing and invading any middle eastern countries any time soon.
What “freedom concept”? “Freedom” to kidnap people and than torture them as prisoners? True, China never vent that far… They still have plenty to learn from U.S. in those things..
You have soup kitchens because Chinese were working hard for decades to feed U.S. parasite. Now things have changed completely. China doesn’t want to feed parasite any more
u r the most puritanical freedom/justice hating people on the planet—for u robots freedom is the choice between Pepsi and coke
The greatest intellectual theft in history was that of gunpowder against the Chinese, thanks to which the fucking thieves devastated and pillaged the whole world.
You left out tea and silk.
… and porcelain.
Go read what’s US Echelons Program of ZUS 5Eyes Spy network for. https://en.m.wikipedia.org/wiki/ECHELON
Zionist jews controlled US-UK-Israel is largest unrivalled axis thieves of IP and trade secrets, bandits of technologies, and all the VIRUS bioterrorism launchers.
Snowden@Prisms whistleblowing is only tip of iceberg.
Chimera Coronavirus-COVID was developed in US Colorado University in 2008~2015, published in UK Nature@2015. https://jamesfetzer.org/2020/04/gordon-duff-documentary-proof-university-of-north-carolina-generated-covid-19/
A Shocking Update. Did The VirusOriginate in the US? Japan, China and Taiwan Reports on the Origin of the Virus By Larry Romanoff https://www.globalresearch.ca/china-coronavirus-shocking-update/5705196
Well it appears that Verizon stole at least a billion dollars of IP from a Chinese company:
https://www.theverge.com/2020/2/6/21125997/huawei-verizon-patent-violation-lawsuit
US accuses China of stealing with no evidence while China accuses the US of stealing with actual evidence in a court of law. What a delicious irony.
The U.S. is good at 1 thing: projection.
U$ 3.8 billions per year to Israel.
Where’s the anger?
The JewSA is nothing but hypocritical.
The JewSA stole from everybody (specially Latin America) for their masters Jews.
china and Russia have created more patents in the past 20 years than the USA has in over a century—this includes the 20,000 patents the US stole from Germany after WWI….amerikans do not innovate—they steal
:)))))))))))))))))))))))
russia is nanoparticle in the world of patents
26.5 trillion in debt,what would any superpower need to steal from usa where infact it were usa companys who rant to china and begged them to partner in mutual buisness co operations? Seriously these are ye again more proof,infact reak evident stealing?Guess whom stolen from china!
Ahhhh Yes like how Americans find WMDs in Iraq under Saddam house :) In US pigs can really fly.
deeply underesimated number
but nsa does the same