China ‘using cyberwarfare to challenge US power’

China is using cyberwarfare to challenge American power and distorting economic policy to exert political influence over other countries, according to a hostile congressional report.The report accuses China of using its foreign exchange reserves, built up through “heavy-handed government control” to buy influence.In one recent example, a government sovereign wealth fund agreed to use the reserves to loan money to Costa Rica in return for its dropping diplomatic recognition of China’s rival, Taiwan.Meanwhile, it has built up its army of cyber-spies to such an extent that it can launch attacks “anywhere in the world at any time”.

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