A Japanese intelligence agency has warned of economic security threats emanating from China, which it says is heading to acquire technology that can be used for several purposes like acquiring Japanese firms and recruiting talented human resources.
In an annual report released last week, the Japanese agency said, “There is a concern that China will continue to work on acquiring (Japanese) companies and inviting human resources with advanced expertise.”
This ambitious plan aims to attract scientists and engineers from overseas.
Since 2008, through this plan, China has recruited researchers from countries including the US, the UK, Germany, Singapore, Canada, Japan, Australia, and France. This comes at a time Beijing has long been suspected of engaging in hacking and intellectual property theft.
The Japanese agency said there have been a series of cyberattacks aimed at stealing confidential information from their companies. Cyberattacks are becoming more common and sophisticated in Japan and abroad, the agency added.