Submission + - China IP theft ring too big for one president (patexia.com)
ericjones12398 writes: "We never hear industry use the words “alleged” or “suspicion” when talking China’s abuse of intellectual property. In fact, the sheer volume of Chinese copyright, trademark, patent and trade secret violations prompted the U.S. International Trade Commission to publish a study in 2011 quantifying the effects of Chinese IP practices. The USITC estimated U.S. IP-intensive businesses doing business with China in 2009 suffered losses of $48.2 billion in sales, royalties or license fees due to IP infringement.
Of course, this kind of illegal activity was never verified or, well, reported as earnings by Chinese benefactors. But the academic depth of the USITC report lends credibility to Romney’s claim IP theft has “cost” Americans 2.1 million jobs.
For harder evidence, DuPont, Pittsburgh Corning and American Superconductor (AMSC) are documented victims of stolen trade secrets. The AMSC case resonated because the perpetrator was caught red-handed. And due to the incident, AMSC lost 40 percent of its value in a single day of trading. The AMSC fallout also revealed a familiar pattern of Chinese companies dropping suppliers after mysteriously adopting their technology, overnight. The dark side of technology transfers."
Of course, this kind of illegal activity was never verified or, well, reported as earnings by Chinese benefactors. But the academic depth of the USITC report lends credibility to Romney’s claim IP theft has “cost” Americans 2.1 million jobs.
For harder evidence, DuPont, Pittsburgh Corning and American Superconductor (AMSC) are documented victims of stolen trade secrets. The AMSC case resonated because the perpetrator was caught red-handed. And due to the incident, AMSC lost 40 percent of its value in a single day of trading. The AMSC fallout also revealed a familiar pattern of Chinese companies dropping suppliers after mysteriously adopting their technology, overnight. The dark side of technology transfers."
