The Justice Department is creating a "China Initiative" to better identify and counter high-priority Chinese trade theft incidents, as well as threats from foreign direct investment, to critical infrastructure, and the U.S. supply chain.

The context: Attorney General Jeff Sessions explained Thursday that a federal grand jury indicted a Chinese government-owned company, a Taiwanese company, and three individuals with "conspiracy to commit economic espionage" from stolen trade secrets from American semiconductor company, Micron.