FBI and MI5 directors joint speech

The transcript discusses China's strategic plans to advance its technological capabilities by 2050, highlighting the impact on Western companies involved in cutting-edge technology. It details China's use of espionage and tech transfer to gain an advantage, citing specific cases like the conviction of a Chinese intelligence officer and the downfall of a UK engineering firm due to tech transfer agreements. The narrative underscores the significant wealth transfer and the risks faced by companies operating in the Chinese market.

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