US, China Working On Intellectual Property Rights

itwbennett writes "US Attorney General Eric Holder is visiting Beijing this week to discuss how China and the US can better coordinate efforts to stop intellectual property rights violations. 'One of the things that has happened in recent years is that counterfeiting has become a globalized industry,' said Christian Murck, the president of the American Chamber of Commerce in China. To effectively shut down these operations, cross-country efforts at strengthening global enforcement like Holder's visit to China are crucial, he added. Coinciding with Holder's visit, China announced it will launch a new national campaign to crack down on intellectual property rights violations. The campaign will take aim at the production and distribution of pirated goods such as DVDs and software products. Violations relating to registered trademarks and patents will also be targeted. The campaign will last for half a year. The commercial value of pirated software in China, at $7.5 billion, is second only to that in the US, where it is $8.3 billion, according to the Business Software Alliance and IDC."