The threat to the West from the Chinese government is “more brazen” and damaging than ever before, FBI Director Christopher Wray said Monday night in accusing Beijing of stealing American ideas and innovation and launching massive hacking operations.

The speech at the Ronald Reagan Presidential Library amounted to a stinging rebuke of the Chinese government just days before Beijing is set to occupy the global stage by hosting the Winter Olympics. It made clear that even as American foreign policy remains consumed by Russia-Ukraine tensions, the U.S. continues to regard China as its biggest threat to long-term economic security.