Spy equipment found on Chinese-made cranes at major U.S. ports
Spy equipment found on Chinese-made cranes at major U.S. ports
Over 5 years, we will invest more than $20B ... in crane production and port security in the U.S.
U.S. gets first homegrown crane production line in 30 years ... Mitsui E&S subsidiary Paceco produces
The United States says it has identified spy equipment and suspicious communications equipment on Chinese-made cranes installed at major ports, and will replace them as a security measure for key strategic ports. The U.S. infrastructure investment budget is coming into play, with approximately $20 billion to be invested over the next five years.
The cranes will be produced by Paceco, a subsidiary of Japan's MitsuiE&S, meaning the US will have a homegrown crane production line for the first time in nearly 30 years.
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| Spy equipment found on Chinese-made cranes at major U.S. ports |
- Strategic Materials Surveillance Threats, Espionage
- Threats of software misbehavior and sabotage
The Biden administration has revealed that Chinese-made cranes installed at major U.S. ports, particularly those with high strategic utility, have been involved in Chinese espionage. Suspicious communications equipment and software installations have been identified on 92 of the nearly 200 Chinese-made cranes, raising suspicions of possible espionage.
A spokesperson for the Chinese Embassy in Washington called the US suspicions "paranoid" and said that the US national security concept is overextended, harming free trade and hindering normal economic and trade cooperation between the US and China.
A senior U.S. military commander, and the commander of the Transportation Command, stated that the Chinese-made cranes were aware of where U.S. military containers were originating, arriving, and their final destinations, and made efforts to avoid ports where they were located.
- U.S. infrastructure investments, applied from an economic and security perspective ... will include electricity generation and transmission, telecommunications networks, etc.
The U.S. passed the Infrastructure Investment Act to rebuild our aging infrastructure, and the money is being spent. Investments related to crane production and security are an application of the Infrastructure Investment Act.
Importantly, U.S. infrastructure investments are also being viewed through an economic security lens.
Going forward, we expect that power generation and transmission, telecommunications networks, etc. will be prioritized for investment, considering the national security and economic security policies of the United States.
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| Vancouver Port |
- U.S.-listed ETF: (PAVE ETF)Global X US Infrastructure Development ETF
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