Thursday, July 7, 2011

MBD* News - Chinese Report Chinese Business Espionage

Hunan Sunward Intelligent Machinery may face a lawsuit following allegations of industrial espionage, reports the 21st Century Business Herald, citing an unnamed insider. Sunward was accused of sending industrial spies competitor Shenyang North Traffic Heavy Industry Group to gain access to proprietary technology. The spies have been arrested, the insider added...

An anonymous source at North Traffic said the incident was not the first time Sunward had stolen from competitors; North Traffic has already submitted the case to court. Sunward was established in August 1999 and manufactures construction machinery with a focus on rock-drilling equipment. (more)