On April 11, Forward Defense nonresident senior fellow Nicholas Eftimiades was quoted in a Newsweek article titled “Fraud lawsuit raises questions about Chinese activities in U.S. Fintech and SPACs.” Eftimiades explains that China uses economic espionage and warfare to gain influence over the US commercial sector.
U.S. industries along with federal law enforcement and counterintelligence organizations lack the expertise and resources to counter this large-scale offensive [Chinese espionage].
Nicholas Eftimiades
Forward Defense, housed within the Scowcroft Center for Strategy and Security, generates ideas and connects stakeholders in the defense ecosystem to promote an enduring military advantage for the United States, its allies, and partners. Our work identifies the defense strategies, capabilities, and resources the United States needs to deter and, if necessary, prevail in future conflict.