Friday, December 09, 2016

Yep, China Steals Intellectual Property

How refreshing to see a President who calls it how it is:

President-elect Donald Trump said Thursday that the Chinese "haven't played by the rules, and they know it's time that they're going to start" as his victory tour of states that helped him win the presidency made its way to Iowa.

Trump accused Beijing of "massive theft of intellectual property" and of levying "unfair taxes on our companies," as well as "not helping with the menace of North Korea like they should."

So true. I have personally witnessed grand theft by China over my last 25 years in the electronics industry.  The easiest way is by requiring any company setting up business there to a "partnership".  That partnership has Chinese employees, of course, who duly steal everything they can get their hands on.  Other ways include simply reverse engineering and copying, then having the China "legal system" stonewall and rule against foreign companies.

One estimate puts the loss of Chinese IP theft at $300 Billion a year.   Let that number sink in a bit.  That's $1,000 for every American.  The pro-China "free trade" shills talk about cheap products at Wallmart, but they never talk about the costs in IP, lost jobs and declining communities.

Trump can say this since he is not bought off by the Chinese like Bill or Hillary Clinton.  Love him or hate him, you have to admit that since he didn't take donations from monied interests he can actually call China out.