US accuses China of cyberspying

Five members of the Chinese military have been indicted by America on charges of stealing trade secrets.

The United States has indicted five members of the Chinese military on charges relating to stealing trade secrets. The information allegedly stolen includes both technical information and internal discussions about strategy and pricing, from firms including nuclear power plant company Westinghouse and solar panel maker Solar World.

The five people accused are based in China and highly unlikely to be extradited to face trial, since China responded by calling the claims "ridiculous". It also said that this represented "double standards" and that China has also been "victims of US cyber surveillance and theft".

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Cris Sholto Heaton
Contrbuting Editor

Cris Sholto Heaton is the contributing editor for MoneyWeek.

He is an investment analyst and writer who has been contributing to MoneyWeek since 2006 and was managing editor of the magazine between 2016 and 2018. He is experienced in covering international investing, believing many investors still focus too much on their home markets and that it pays to take advantage of all the opportunities the world offers.

He often writes about Asian equities, international income and global asset allocation.