22ND Parliamentary Intelligence-Security Forum – Adversarial Foreign Investments And Abusive Exploitation In Global Economic Expansion

During his remarks, Mr. David shared that in 2018 the US trade representative assessed that every year the United States loses between 250 billion and 600 billion dollars through IP theft from China.

The US government spends about 1.2 trillion dollars in health care for the entire country a year so half of that is ostensibly taken off the table. He then mentioned that the degradation and the erosion of our economic might, through theft, through both front door and backdoor, economic espionage, and adversarial capital, is eroding our ability to project our power to serve our people to have an effective military around the world, he mentioned.