It's called digital espionage.
Chinese hackers breached the online defenses of the U.S. Chamber of Commerce last year, accessing information about its 3 million members and stealing thousands of e-mails. It was one of the boldest infiltrations ever.
Cyber attacks like this one cost the U.S. economy billions every year.
On American Morning this morning, "Popular Mechanics" senior news editor Joe Pappalardo talks about the magazine's cover story on hacks from foreign countries and explains what the possible motivations could be behind these attacks.
While the United States is still struggling to recover from the Great Recession, China's economy is roaring ahead.
The Chinese economy is growing nearly four times faster than the United States. Consequently, China has become a major player in the global economy, commanding the attention and respect of more countries.
Christine Romans talks with Stephen Leeb, author of "Red Alert: How China's Prosperity is Threatening America's Way of Life," and John Doggett, professor at the University of Texas-Austin, about why we're falling behind economically and what the U.S. needs to do to compete on the world stage.
Amid this week of financial turmoil in the United States, we have seen evidence of the growth and strength of China's economy. The country's first aircraft carrier began sea trials on Wednesday, and reports have been circulating that Chinese banks have signed leases on New York City landmark buildings such as the Empire State Building and One World Trade Center, the new skyscraper under construction at Ground Zero.
So, is China on the path to becoming the world's next superpower? Gordon Chang, columnist for Forbes.com, doesn't think so.
Chang talks with Christine Romans on American Morning today about why he thinks China's economy may actually be on the decline.
"The food was divine, the setting was beautiful, the entertainment was magical. It was incredible."
The guest list was enviable, the menu was mouth-watering and according to Representative Judy Chu, D, California, last night's state dinner in Washington D.C. was "spectacular." The state dinner marked the visit of Chinese President Hu Jintao to Washington D.C. The guest list ranged from former presidents in Bill Clinton and Jimmy Carter to Hollywood celebrities such as Jackie Chan and Barbra Streisand.
Chu tells American Morning's T.J. Holmes that Chinese president Hu Jintao was looking for respect in visiting the United States this week and was shown a "great deal of respect" in last night's dinner.
Chinese President Hu Jintao is in Washington for a three-day visit what is crucial in diplomatic relations. On CNN's American Morning, author and columnist, Gordon Chang discusses the importance of this meeting. To the statement, "We need China more than China needs us," he gave an unequivocal No.
As the House of Representatives prepare to vote on health care reform repeal today, President Obama has released a statement signaling that he is willing to make improvements on the bill but is not in favor of a full repeal:
"So I’m willing and eager to work with both Democrats and Republicans to improve the Affordable Care Act. But we can’t go backward."
But congressmen on Capitol Hill like Representative Ron Paul, R, Texas, believe that repeal is the only option. He tells Kiran Chetry that the bill going to vote today "tells us what we should do in the future."
Representative Paul is also unhappy with the way we are treating our relationship with China. He says that more government intervention in China is not the answer and "we can't blame China for us spending too much money."
Watch his complete interview below: