The Financial Times • August 14 American genius is under attack from China
https://www.ft.com/content/e283773a-801a-11e7-94e2-c5b903247afd
Intellectual property theft and expropriation costs US businesses as much as $600bn a year,
according to the Commission on the Theft of American Intellectual Property.
http://ipcommission.org/report/IP_Commission_Report_Update_2017.pdf
Think of what that means — more than 3 per cent of America’s gross domestic product is lost
each year to theft, piracy and espionage. China is a primary culprit: it accounts for 87 per cent
of all counterfeit goods seized at the border.
But this shocking statistic fails to capture the deeper danger posed by the manner in which
Chinese companies and the Chinese government treat America’s intellectual property.
https://www.ft.com/topics/themes/China_trade
China has announced a “Made in China 2025” plan to dominate in the production of semi-
conductors, artificial intelligence, autonomous vehicles, biotechnology and every other high-
tech industry likely to drive economic growth beyond 2025. The US, which remains the most
innovative country in the world, stands firmly in China’s path.
https://www.uschamber.com/sites/default/files/final_made_in_china_2025_report_full.pdf
But rather than building a globally competitive free market economy in order to compete,
China has chosen instead to compel American companies that want to operate in China to
turn over proprietary technology and intellectual property.
https://www.ft.com/intellectual-property
https://www.ft.com/content/e283773a-801a-11e7-94e2-c5b903247afd
Intellectual property theft and expropriation costs US businesses as much as $600bn a year,
according to the Commission on the Theft of American Intellectual Property.
http://ipcommission.org/report/IP_Commission_Report_Update_2017.pdf
Think of what that means — more than 3 per cent of America’s gross domestic product is lost
each year to theft, piracy and espionage. China is a primary culprit: it accounts for 87 per cent
of all counterfeit goods seized at the border.
But this shocking statistic fails to capture the deeper danger posed by the manner in which
Chinese companies and the Chinese government treat America’s intellectual property.
https://www.ft.com/topics/themes/China_trade
China has announced a “Made in China 2025” plan to dominate in the production of semi-
conductors, artificial intelligence, autonomous vehicles, biotechnology and every other high-
tech industry likely to drive economic growth beyond 2025. The US, which remains the most
innovative country in the world, stands firmly in China’s path.
https://www.uschamber.com/sites/default/files/final_made_in_china_2025_report_full.pdf
But rather than building a globally competitive free market economy in order to compete,
China has chosen instead to compel American companies that want to operate in China to
turn over proprietary technology and intellectual property.
https://www.ft.com/intellectual-property
But our politicians are selling our valuable raw resources at cheap prices to overseas markets while our subsidiary industries falter and fail and people are put out of jobs they have had for decades. Then the deserted land gets sold at an exorbitant price to a developer so they can build homes for people who cannot afford them. Who buys them? People who live overseas. So our next to zero vacancy rate is exacerbated by properties sitting vacant by absentee owners. When BC moved to tax properties being bought by non nationals, the buyers simply shifted their focus to Toronto. We are being sold out to the highest bidder while we squander our wealth as if there were no limit to the resource.
