“We’ve seen China looking for ways to insulate their economy against potential sanctions, trying to cushion themselves from harm if they do anything to draw the ire of the international community,” Wray said. McCallum and Wray shifted from the complex danger China poses to companies to forecasting “the most horrific business disruptions the world has ever seen” if China forcibly took over Taiwan. “When you deal with a Chinese company, know you’re also dealing with the Chinese government,” he said Wray warned of conducting business with Chinese companies because the CCP owns them. “The aim of these tactics is to create a debt of obligation on the part of the target, who will eventually find it difficult to refuse inevitable requests for favors in return,” McCallum said. MI5’s General McCallum added that CCP operatives “slowly” cultivate friendships only to obtain commercially unavailable information and use it to promote national interest. The FBI director said the Chinese government steals valuable technology from American businesses right through the front door. Still, the FBI and MI5 leaders say otherwise. “We will never encourage, support, or condone cyber attacks,” the statement said. McCallum echoed the statement, calling on leaders to act while the CCP covertly applies pressure across the globe. “And they’re set on using every tool at their disposal to do it,” he added. “The Chinese government is set on stealing your technology-whatever it is that makes your industry tick-and using it to undercut your business and dominate your market.” “I’ll start with what this danger looks like,” Wray said. They emphasized, however, that the Chinese people - at home and abroad - are victims of the Chinese government themselves. Heads of the FBI and the MI5, the United Kingdom-equivalent, joined together on Wednesday to warn business leaders of espionage from the Chinese Communist Party (CCP) subverting the Western economy and national security.įBI Director Christopher Wray and MI5 Director General Ken McCallum alarmed world-leading technology, research, and commercial business owners about the Chinese government’s long-term threat to Western investments’ economic and national security.
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