U.S. Firms Say China Has Stolen Their Intellectual Property: Poll | More here
3-1-19, Fortune.com -- A new CNBC poll finds that one in five corporations say China has stolen their intellectual property within the last year 2018. Intellectual property, or IP, theft has been a major contentious issue in trade talks between the Trump administration and China. According to Harvard Business Review IP theft —use of patents ... represents big money. Intangible assets, which include IP, make up 80% of the value of S&P 500 companies
There are different ways Chinese companies reportedly obtain U.S. IP. Corporate espionage and cyberattacks are two, according to Axios. But so is forced technology transfers, in which the Chinese government compels companies investing in China to provide IP details and licenses.
Dennis Wilder, who served as the National Security Council's Senior Director for East Asia under George W. Bush says:
Salvation? Luke 13:3; Titus 2:13, Revelation 19:11
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