Welcome to Scribd, the world's digital library. Read, publish, and share books and documents. See more
Download
Standard view
Full view
of .
Look up keyword
Like this
1Activity
0 of .
Results for:
No results containing your search query
P. 1
The Avanti Group : China’s Sinovel Charged by U.S.

The Avanti Group : China’s Sinovel Charged by U.S.

Ratings: (0)|Views: 3|Likes:
Published by Micha Aniston
Sinovel Wind Group Co. (601558), a Chinese wind-turbine company, was charged with stealing trade secrets from its former U.S. supplier, a case of industrial espionage that may heighten tensions in U.S.-China relations in the wake of the Edward Snowden affair.
Sinovel Wind Group Co. (601558), a Chinese wind-turbine company, was charged with stealing trade secrets from its former U.S. supplier, a case of industrial espionage that may heighten tensions in U.S.-China relations in the wake of the Edward Snowden affair.

More info:

Categories:Types, Business/Law
Published by: Micha Aniston on Jun 29, 2013
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as PPTX, PDF, TXT or read online from Scribd
See more
See less

05/14/2014

pdf

text

original

 
http://mileswalk01.wordpress.com/2013/06/29/the-avanti-group-chinas-sinovel-charged-by-u-s-with-stealing-trade/
 
Sinovel Wind Group Co. (601558), a Chinese wind-turbine company, was charged with stealing trade secretsfrom its former U.S. supplier, a case of industrialespionage that may heighten tensions in U.S.-Chinarelations in the wake of the Edward Snowden affair.U.S. prosecutors secured an indictment of the companyand two of its executives in federal court yesterday inMadison, Wisconsin. Also charged was DejanKarabasevic, who pleaded guilty in Klagenfurt, Austria, tostealing source code for the turbine controllers madeby American Superconductor Corp. ( AMSC), his former employer. The company lost more than $1 billion inmarket value after the theft became public.
 
The indictment’s timing may give it prominence in the U.S. intensifying
dispute with China over economic espionage. That conflict has only
been inflamed by Snowden’s disclosures of U.S. computer 
-based
spying, and China’s decision to allow the ex
-National Security Agencycontractor to fly to Russia from Hong Kong, where he had fled.
“My 5
-year-
old understands that this is wrong,” AMSC Chief 
Executive Officer Daniel McGahn
said by phone. “If your ideas can be
stolen without recourse, there is no reason to invest in innovation, andif there is no reason to invest in innovation, there is no purpose to the American economy
.”
 
Sinovel’s
stock fell 1.5 percent to 3.95 yuan at 10:44 a.m. local time inShanghai after plunging 7 percent earlier. Wang Wen, a Beijing-basedspokeswoman at Sinovel, declined to comment.

You're Reading a Free Preview

Download
scribd
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->