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I don't doubt that at all. I understand that they have a widespread espionage program targeting universities, corporations, and government agencies.They do engage in widespread industrial espionage. Plenty of stories of Chinese nationals being caught stealing secrets. Can't think of any other country that compares.
But, I wonder how many of their spies that are sent to the US are to keep an eye on their own citizens so that they don't "go native" when studying or living in the US.