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Monday, August 09, 2010

Chinese Policies and IP Theft

China is an economic enigma.

On the one hand, the sheer size of the Chinese market would seem to present tremendous opportunities for American entrepreneurs and businesses. In addition, China’s lower cost of production in certain markets presents tremendous savings for U.S. consumers and for American businesses in terms of various inputs.

Unfortunately, though, China also presents many questions. For example, human rights abuses and issues persist. The Communist Party’s continuing control over the political system, and its extensive government management of the economy limit incentives for investing in China. Along these same economic lines, the Chinese government restricts current and future innovation and growth due to a failure to protect intellectual property.

And the Chinese government’s plan to advance “Indigenous Innovation” seems to threaten to make matters even worse...

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