U.S. prosecutors expanded a criminal case over the alleged theft of industrial secrets from chemical giant DuPont, securing an indictment against a Chinese company on economic espionage-related charges.
A Northern California grand jury indicted Pangang Group for conspiracy to commit economic espionage and other charges including conspiracy to steal trade secrets, according to court documents unsealed on Wednesday.
Pangang, a state-owned steel manufacturer in Sichuan province, allegedly worked with a California businessman and others to obtain several valuable trade secrets from DuPont, the indictment says.
Separately, a former engineer for Motorola Inc was found guilty on Wednesday of stealing trade secrets from the company but cleared of economic espionage for China.
The latest developments in the two cases come as Chinese Vice President Xi Jinping is scheduled to visit the United States next week on a range of economic, trade, regional and global issues.
Xi, considered China's president-in-waiting, will meet President Barack Obama at the White House next Tuesday. The U.S. visit will be a major step in signaling Xi's readiness to take over as China's next top leader and run Beijing's complex and sometimes vexed... Source/Origin >> Read More
