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BC-Tuesday Spotlight,ADVISORY

May 27, 2014


The following story has moved as this week’s Tuesday Spotlight, a feature showcasing the best off-the-news enterprise in the AP report:


WASHINGTON — China may be trying to steal trade secrets from U.S. companies to benefit Chinese firms, as federal prosecutors allege. Yet China’s vast market remains irresistible to American companies. Just consider some of the alleged corporate victims of the Chinese hacking. Westinghouse is building four nuclear reactors in China. Alcoa is the biggest foreign investor in China’s aluminum industry. Allegheny Technologies operates a joint venture in Shanghai. Economic ties between the U.S. and China, already tight, are growing tighter even as the two countries engage in public and political jousting. American companies exported $122 billion to China and earned a record $9.7 billion there last year. Still, technology issues are a growing irritant. U.S. corporate executives are expressing rising concern over both cybersecurity and Internet censorship in China. By Paul Wiseman. SENT: 750 words, photos.

The AP.

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