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[US Army Colonel Bill Hagestad, author of 21st Century Chinese Cyberwarfare book] believes that economic factors mean China can do what it wants. “The reason there isn’t more uproar [over APTs] is that the Chinese government owns a significant amount of the bond market,” he says. “If US or UK officials were making a cacophony about the Chinese doing this, the Chinese could call in the bonds.”

He concedes that there is only circumstantial evidence linking China to APTs, at least in the public eye. However, he adds that there has been some condemnation of Chinese cyber espionage from Western governments. “I don’t think the discussion makers within the political body of a country would be making accusations about an alleged threat if they didn’t have some kind of credible evidence on the classified side.”