FBI, MI5 Name Chinese Government As Top Threat to Business

by | Jul 6, 2022

FBI, MI5 Name Chinese Government As Top Threat to Business

by | Jul 6, 2022

fxa46u2wya0huf

From @StateDept

While traveling to London to meet with his British counterpart, the head of the Federal Bureau of Investigation warned Western business leaders that their companies could be impacted by crime from Beijing. 

During a joint press conference attended by executives in various financial sectors, MI5 Director General Ken McCallum cautioned that China presented the most significant threat. “By volume, most of what is at risk from Chinese Communist Party aggression is not, so to speak, my stuff. It’s yours. The world-leading expertise, technology, research, and commercial advantage developed and held by people in this room, and others like you,” he said.

FBI Director Christopher Wray also claimed that China seeks to steal “innovation” from Western firms. “We’ve seen the regional bureaus of China’s MSS – their Ministry of State Security – key in specifically on the innovation of certain Western companies it wants to ransack.” He added, “I’m talking about companies everywhere from big cities to small towns – from Fortune 100s to start-ups, folks that focus on everything from aviation, to AI, to pharma.”

Wray pushed corporate leaders to work with the FBI and MI5, insisting “We’re not just in the business of articulating problems, we’re doing something about them, together with MI5, with the private sector itself, with other government partners.” He also warned that China is insulating its economy from potential western sanctions that would come if Beijing ordered the military takeover of Taiwan.

The meeting between the two intelligence chiefs came days after President Joe Biden and Prime Minister Boris Johnson signed off on a new NATO security strategy which names China as a top threat. Following a major summit in Madrid last week, the alliance released its new Strategic Concept document, stating Beijing poses a “systemic challenge to Euro-Atlantic security.”

An additional source of friction between Beijing and Washington came after the US ambassador to China recently demanded that the Chinese Communist Party stop spreading Russian “lies.” On Wednesday, the National Counterintelligence and Security Center also issued a bulletin warning state and local governments that Beijing is stepping up its information warfare. 

China “understands that US state and local leaders enjoy a degree of independence from Washington and may seek to use them as proxies to advocate for national US policies Beijing desires,” the agency said

Secretary of State Antony Blinken is reportedly set to meet with Chinese Foreign Minister Wang Yi on the sidelines of the G20 summit in Bali later this week, where he is expected to press the FM on Beijing’s ties with Moscow.

Kyle Anzalone

Kyle Anzalone

Kyle Anzalone is news editor of the Libertarian Institute, opinion editor of Antiwar.com and co-host of Conflicts of Interest with Will Porter and Connor Freeman.

View all posts

Our Books

Shop books published by the Libertarian Institute.

Podcasts

scotthortonshow logosq

coi banner sq2@0.5x

liberty weekly thumbnail

Don't Tread on Anyone Logo

313x0w (1)

313x0w (1)

313x0w (1)

Our Books

Recent Articles

Recent

News Roundup 10/9/2025

News Roundup 10/9/2025

Venezuela Trump Calls Off Diplomacy With Venezuela’s Maduro, Making Regime Change War More Likely AWC White House Has Not Provided Proof That Boats Destroyed in Caribbean Were Carrying Drugs The Institute  Report: Trump Administration Working on Strategy To...

read more
News Roundup 9/28/2025

News Roundup 9/28/2025

US News US War Chief Summons Hundreds of Generals and Admirals for Urgent Meeting AWC Report: FBI Investigating Top  Obama Admin Offices for Perjury While Peddling Russiagate Lies Nap Venezuela Trump Envoy Grenell Said He Is in Talks With Venezuela The Institute ...

read more
News Roundup 9/25/2025

News Roundup 9/25/2025

Venezuela Maduro Sent Letter to Trump Offering Talks to Prevent Conflict The Institute US Officials Say Regime Change in Venezuela Is the Real Goal of Military Action in the Caribbean AWC Ukraine Finland’s President Says Security Guarantees for Ukraine Must Include...

read more

Pin It on Pinterest

Share This