Alarm Over China Spying, Hacking

Former Counterintelligence Boss Says Losses Not Hyped

William Evanina, the recently departed head of the U.S. National Counterintelligence and Security Center, says Chinese espionage and covert hacking operations are costing America “around $500 billion a year in economic losses, just in the theft of intellectual property and trade secrets.”

The loss boils down to“$4,000 for every American family of four af…