One in Five US Companies says China has Stolen Intellectual Property Within the Last Year

[bone]

I don't think IP rights is spelled out in traditional (old) Chinese legal systems. Their traditional way to protect IP is to keep it a trade secret. Copying is a form of compliment, acknowledgement that you are better.

Except that on December 11, 2001, China became a member of the WTO. And the WTO has very clear regulations on IP protections. But China has a notorious track record when it comes to compliance with WTO rulings.

The EU and the US have filed formal complaints against China with the WTO about IP protections and forced IP transfer. The complaints are extensive and the evidence presented is substantial. But even with a favorable WTO ruling there is precious little confidence that China would comply with any ruling. What China says and what they actually do are two very different things.

In essence, China is destroying the WTO.

 

[JSOP]

Because they also got access to one billion potential customers.

Yeah but there are other countries who's got one billion potential customers? Why didn't they go there? And besides those one billion people are not automatic customers they only become your customers when they become rich by being your cheap labour. So US and the West could've achieved the same thing with any highly populated country without the forced IP transfer. In the face of China insisting on IP transfer, all those other countries would love to waive IP transfers just for the US and the West to open plants in their countries. WHY didn't US and the West go there?

And China should cry wolf now about tariffs, China has been imposing high tariffs for years, the whole time since the beginning of the open trade on all foreign imports. The same US-made product that you buy in the US, you pay at least 5 times even higher the price outside the exchange rate difference over in China. That's a known fact. This is why when the Apple phones come out, people line up to buy them, aside from the novelty, it's also because many sell them to Chinese and easily make several thousand dollars when they buy multiple phones.

Trump is truly just leveling the playing field. When US was richer and China was poorer, US let China impose those tariffs and never did any "retaliation" tariffs in return. Now that China is richer and US is poorer, it's US's turn to impose tariffs and China should just be like US before and not do anything but of course given it's China, things are different. It always lives in the past and uses past history to justify everything. Yes the 19th century imperialism is a painful history for China but things have changed. The world has changed.

 

[newwurldmn]

Yeah but there are other countries who's got one billion potential customers? Why didn't they go there? And besides those one billion people are not automatic customers they only become your customers when they become rich by being your cheap labour. So US and the West could've achieved the same thing with any highly populated country without the forced IP transfer. In the face of China insisting on IP transfer, all those other countries would love to waive IP transfers just for the US and the West to open plants in their countries. WHY didn't US and the West go there?

And China should cry wolf now about tariffs, China has been imposing high tariffs for years, the whole time since the beginning of the open trade on foreign imports. The same US-made product that you buy in the US, you pay at least 5 times even higher the price outside the exchange rate difference over in China. That's a known fact. This is why when the Apple iPhone 6 came out, people line up to buy them, aside from the novelty, it's also because many sell them to Chinese and easily make several thousand dollars when they buy multiple phones.

You are all over the place.

US companies want to make money. There is money to be made in China. China has rules about technology sharing - which if done honorably would be fine. However it’s not. The technology is transferred and then stolen and then it’s too late. There is no way to sue to get compensated for it.

What’s hard to understand?

What do tarriffs in China have to do with IP theft?

IP theft is real and it’s the backbone of China 2025.

Name another country with 1bn people who are becoming middle class at the rate similar to china’s.

 

[JSOP]

You are all over the place.

US companies want to make money. There is money to be made in China. China has rules about technology sharing - which if done honorably would be fine. However it’s not. The technology is transferred and then stolen and then it’s too late. There is no way to sue to get compensated for it.

What’s hard to understand?

What do tarriffs in China have to do with IP theft?

IP theft is real and it’s the backbone of China 2025.

Name another country with 1bn people who are becoming middle class at the rate similar to china’s.

China became middle class on the money that the West handed to them via 1) trade deficit and 2) businesses that are opened in China that hire local people. If the West does the same thing with another country like Vietnam and India, 20 years later, they would be the China today, maybe not like China because the West would be more careful protecting its IP but similar to China today, with a rising middle class to buy products/services from the West. And honestly to me there shouldn't be any technology sharing. Why should I expose my proprietary technology that I have painstakingly developed with you just because I am opening a plant in your place? US companies don't even share any of the proprietary technology when they open plants in domestic America why should they share their technology with a foreign country when they open plants there? Do you see KFC sharing their secret receipe when they open franchises all over USA? Ridiculous. US companies are just way too nice, way too naive and way too short-sighted.