China is greatly increasing the number of patents it issues--that will be good for us the day they actually support patents for extraterritorial inventors. They'll do that when they have enough IP and we refuse to honor their patents because they don't honor ours. There will be political games, but long-term it may be good for us. (Although we do need better science and math education--and more importantly, better cultural education on the value of science and math).
Sorry but unless something fundamentally changes in the chinese attitude towards the rest of the world, equal treatment of non-chinese will never happen.
To take an example, late last year chinese fishermen illegally fishing in korean waters deliberately rammed their boat into a coast guard ship, which caused the fishing boat to sink. The response from the chinese government was:
“South Korea must bring the perpetrators to justice, to pay compensation for the disappearance of our properties, and make concrete action to prevent similar cases happening again,” said a spokesman for Chinese Foreign Ministry, Jiang Yu.
That their foreign ministry regards the fishing boat as 'our' speaks volumes, this is china vs the world. In other words, the PRC will stand behind any chinese regardless of how illegal their actions, which in the past have included the killing of unarmed coast guard staff boarding to inspect fishing vessels.
In the patent scenario, you can expect that patents for chinese companies will be strongly upheld, but extraterritorial patent holders will at best get lipservice. You might think that you can get away with doing what the chinese do now, ie. ignoring their patents, but the PRC will back chinese companies with political methods such as the use punitive tarriffs and other types of trade disadvantages (see how the chinese restricted rare earths to japanese companies during their version of the illegal fishing incident).
Sure that hasn't happened to US or european companies/countries yet, but as soon as the PRC feels able to they'll apply the same methods they've been using against their neighbours.