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China Cuts Off McKinsey, Other U.S. Consultants To Retaliate Against Cyber Indictments
forbes ^ | 5/25/2014 @ 8:42PM | Gordon Chang

Posted on 05/25/2014 8:22:04 PM PDT by ckilmer

Today, the Financial Times, citing “people close to senior Chinese leaders,” reported that Beijing has ordered state enterprises to cut dealings with U.S. consulting firms, accusing them of spying for Washington. The “instruction,” as the paper called it, was handed down after U.S. Attorney General Eric Holder announced indictments against five Chinese military officers for “serious cybersecurity breaches.”

(Excerpt) Read more at forbes.com ...


TOPICS: Business/Economy
KEYWORDS: china; chinait; chineseit

1 posted on 05/25/2014 8:22:04 PM PDT by ckilmer
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To: ckilmer

I actually, deep down, admire the chinese for sticking up for their own interests.


2 posted on 05/25/2014 8:27:52 PM PDT by SpaceBar
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To: ckilmer
The “instruction,” as the paper called it, was handed down after U.S. Attorney General Eric Holder announced indictments against five Chinese military officers for “serious cybersecurity breaches.”

"China cannot spy on American citizens....Only WE can spy on American citizens."

3 posted on 05/25/2014 9:25:50 PM PDT by dfwgator
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To: ckilmer

McKinsey will respond with 3 bullet points as to why they should be retained. The first two are ligitimate. The third is kind of made up . . . you know, just so they have 3 bullet points.


4 posted on 05/25/2014 9:28:22 PM PDT by Oratam
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To: SpaceBar

I actually, deep down, admire the chinese for sticking up for their own interests.
................
Its a shame the USA can’t do the same.


5 posted on 05/25/2014 9:32:13 PM PDT by ckilmer
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To: ckilmer
These initiatives—and others—make the Chinese political system look not only backward-looking but increasingly anti-foreign . . . the entry of China into the global organization was intended to “enmesh” the country into a rules-based system . . . Unfortunately, in the last several years Beijing’s trade behavior—the country’s predatory practices are directed from the top—has markedly deteriorated. The string of China’s losses in the WTO dispute panels—General Motors and Chrysler are the big beneficiaries of a preliminary decision handed down in Geneva on Friday—should be no surprise. Looking forward, it appears that China’s state enterprises will take advantage of the prevailing anti-foreign wave to entrench their position in the economy. The thinking is that every yuan a foreign company makes is one less for Beijing. Chinese leaders now believe they are living in a zero-sum economy, and foreign business will be the first casualty in this new environment.

Number one: let's see GM and Chrysler try to collect.

Number two: the next move in Deng's version of Lenin's New Economic Policy (NEP) is seize the useful idiots' property.. just like the Bolsheviks did 90 years ago. And the useful idiots should not expect a TARP to cover their loses.

Corruption and foreign influence were two major factors driving Chiang Kai-shek from power.. another one was our State Department favoring Mao and his "agrarian reformers." IMO. I'm starting to think Obama is giving the Chi-Coms the excuse to seize the assets and kick American corporations out of Red China.

6 posted on 05/25/2014 9:41:18 PM PDT by WilliamofCarmichael (If modern America's Man on Horseback is out there, Get on the damn horse already!)
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To: ckilmer

No loss.
They’d just steal McKinsey’s ideas anyway.


7 posted on 05/26/2014 5:11:20 AM PDT by Eric in the Ozarks (Rip it out by the roots.)
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