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[Music] today were talking about intellectual property and trade secret theft from china i know you might be thinking what do i have a value for someone else to steal well asking that question is the first step towards understanding your vulnerabilities and whod want to steal from you ing to the ip commission china is the principal infringer across all types of ip theft the annual cost to the us economy from ip stolen from china is over 600 billion dollars annually thats not just theft at large companies and these incidents dont all make the news this also doesnt just apply to military targets or dod suppliers this impacts almost every industry fbi director christopher wray said in 2020 that china often steals american intellectual property and then uses it to compete against the very american companies it victimized they are targeting research on everything from military equipment to wind turbines to rice and corn seeds lets not forget that china has a fundamentally different sy