Rob Atkinson testified before the U.S.-China Economic and Security Review Commission at a hearing on the foreign investment climate in China. Atkinson noted that since President Xi Jinping assumed power in 2012, China has rapidly accelerated its efforts to promote “indigenous innovation” not just using the “carrot” to help Chinese firms but also the “stick” to harass foreign producers, to the detriment of the American economy and the global innovation ecosystem. Further, absent concerted action soon by the United States and its global allies, we will have to live with the long-term negative consequences of China’s actions on the U.S. economy and national security capabilities.
