Spy and Sell: China Seeks 'Director' in U.S. Companies

Episode Transcript

Speaker 1 (00:00):
A new law in China requires any multinational company with
at least three hundred employees there to have a designated
employee director representing the Chinese government. Author in China expert
Jonathan D. T Ward tells Fox it's long past time
for American businesses to get out of China.

Speaker 2 (00:14):
What I've told my corporate clients over all the years
is when you're in China, you're not really selling your product,
You're selling your intellectual property. They steal everything. Every chief
security officer I know in the Fortune five hundred has
told me this repeatedly. Awards and CEOs need to understand.
You want to be looking for the exit now so
that you don't lose a limb.

Speaker 1 (00:29):
The shair of the House Select Committee on China warns
this is a massive spying risk and that there's no
such thing as a private company there. Corey Yelsen New's
Radio seven forty KTRH