SENATOR LINDSEY GRAHAM WARNS BMW AND BOEING

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From greenvilleonline.com

Citing the risk of intellectual property theft, U.S. Sen. Lindsey Graham has warned BMW and Boeing to think twice before they build manufacturing plants in China.

“To my friends at BMW, when it comes to China — pay now or pay later,” Graham said Wednesday while speaking to reporters before he addressed the Rotary Cub of Seneca. “If you open up a plant in China, it won’t be long before there is a Chinese car that looks exactly like the X5.

“If you’re Boeing and you want to make jets in China to sell to the Chinese, it won’t be long before you see a 787 knock-off… When you go to China, they require you to get a Chinese business partner. And your intellectual property eventually gets stolen.”

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