The US justice department charged Zheng Xiaoqing, a Chinese businessman and former General Electric (GE) engineer, with allegedly conducting economic espionage and conspiring to steal engine technologies that it said would benefit China, reported the Financial Times.
The former engineer employed by GE Power & Water , a subsidiary of GE, was accused of stealing electronic files that contained engine designs and other pieces of engineering-related information related to GE gas and steam turbines and sending it to Zhang Zhaoxi, a Chinese businessman who was operating as his business partner in China.
“The indictment alleges a textbook example of the Chinese government’s strategy to rob American companies of their intellectual property and to replicate their products in Chinese factories, enabling Chinese companies to replace the American company first in the Chinese market and later worldwide,” said John Demers, a justice department official.
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