American engineer and a Chinese businessman indicted as economic spies

The Washington Post reports, “U.S. authorities have charged an American engineer and a Chinese businessman with economic espionage and conspiring to steal sophisticated turbine designs to benefit the government of China and their personal business interests.

The 14-count indictment, unsealed Tuesday, alleges Xiaoqing Zheng of Niskayuna, N.Y., and Zhaoxi Zhang of China’s Liaoning province teamed up to filch millions of dollars’ worth of General Electric’s aviation trade secrets.

‘This is one of the most significant indictments involving China’s alleged theft of technology,’ said Michael Wessel, a member of the U.S.-China Economic and Security Review Commission.

‘The technologies involved in the indictment go to the heart of China’s deficit in turbine technology.’ Zheng, who has pleaded not guilty, was arraigned Tuesday in Albany, N.Y, and released pending trial.”

SOURCE: US MEDIA REPORT