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So it is the same as the US did a while back.

Oh well I guess it's okay then. US had legal slavery, should we let China go nuts with that one too?

Reductio ad absurdum.

Slavery violates human rights. Industrial espionage does not, it only violates fictitious "intellectual property" rights.

All rights are ficticious in that sense. Tell me, do you feel equally attached to your right to not have me steal, say, your phone ?

I forgot the details but Boeing also did state sponsored tricks to jail some European CEO (can't remember any more so far.. sorry)