American and United Diverge on Summer Recovery Expectations
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(Adds U.S. Commerce Department comment in last paragraph) WASHINGTON, July 1 (Reuters) - The U.S. arm of German solar manufacturer SolarWorld AG asked the Commerce Department on Tuesday to look into claims of cyber-spying by Chinese military officers as part of a trade dispute over imports of solar products from China. The United States charged five Chinese military officers in May and accused them of hacking into American companies, among them SolarWorlds U.S. arm, to steal trade secrets. One hacker is alleged to have stolen cost and pricing information from SolarWorld in 2012, when the company was engaged in a trade dispute over Chinese competitors selling goods in the U.S. market below their cost of production. SolarWorld said the spying had a direct bearing on a current trade case over whether Chinese manufacturers are sidestepping the duties imposed after the 2012 dispute was decided in its favor. The focus of much of the alleged cyber theft was related to SolarWorlds trade remedy cases against Chinese solar manufacturers, the company said in a petition to the U.S. Department of Commerce. All evidence suggests, therefore, that the information alleged to have been stolen has a direct bearing on the departments ongoing investigation. SolarWorld said Commerce should ask Chinese authorities for all documents about SolarWorlds trade cases obtained by the hackers, a list of entities who received the information together with a timeline and any communication between the hackers and Chinese solar companies. The department is aware that SolarWorld made a filing today and will carefully review SolarWorlds submission before determining what further steps are appropriate, a Commerce official said. (Reporting by Krista Hughes; Editing by Ken Wills, Sandra Maler and Cynthia Osterman) View comments
# Reimagining Government Banking: A Digital Future for All Citizens
Proposing a universal banking system via the Federal Reserve to empower citizens and streamline government interactions.