26 May 2014

Hacking case belies profitable US links with China | RallyPoint.com

Military News - Hacking case belies profitable US links with China

Image Copyright: Carolyn Kaster/AP

By PAUL WISEMAN
Copyright: The Associated Press

WASHINGTON — China may be trying to steal trade secrets from U.S. businesses, as federal prosecutors allege. Yet for many U.S. companies, China's vast market remains an irresistible source of business.

The Justice Department's indictment last week of five Chinese military officials accused them of trying to pilfer confidential information from American companies. But even some of the alleged U.S. corporate victims of the hackers have little incentive to cheer any trade rupture with China.

One, Westinghouse, is building four nuclear reactors in China.

Another, specialty steelmaker Allegheny Technologies, operates a joint venture in Shanghai.

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