Skip to content
Subscriber Only
Opinion
Stephen Roach

Is China Really Cheating?

The evidence of Chinese malfeasance on trade, technology and intellectual property is a lot thinner than most people assume. 

Estimates of the cost of Chinese IP theft are dubious. 

Estimates of the cost of Chinese IP theft are dubious. 

Photographer: Brent Lewin/Bloomberg

Repetition breeds reality. Such is the case with allegations the U.S. has leveled at China in their budding economic Cold War. Across the American political spectrum, it’s now taken for granted that China forces U.S. companies to transfer critical technology in order to do business on the mainland, engages in rampant hacking and theft of intellectual property, and massively and unfairly subsidizes its high-tech industries — all of which contributes to fears that the country poses an existential threat to America’s prosperity.

Like many longtime observers of China, I’ve been getting more than my fair share of airtime over the past several months. Typically, the interview starts with a false premise followed by a loaded question: “Everyone knows that China is stealing hundreds of billions of dollars a year in U.S. intellectual property. Isn’t it high time for America to stand up to its greatest economic threat?”