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China Announces Punishments For Intellectual-Property Theft (bloomberg.com)
China has announced an array of punishments that could restrict companies' access to borrowing and state-funding support over intellectual-property theft. The news comes after the G20 Summit in Argentina, where the Trump Administration agreed to hold off on tariff action for at least 90 days as they negotiate to resolve specific U.S. complaints. Bloomberg reports: China set out a total of 38 different punishments to be applied to IP violations, starting this month. The document, dated Nov. 21, was released Tuesday by the National Development and Reform Commission and signed by various government bodies, including the central bank and supreme court. China says violators would be banned from issuing bonds or other financing tools, and participating in government procurement. They would also be restricted from accessing government financial support, foreign trade, registering companies, auctioning land or trading properties. In addition, violators will be recorded on a list, and financial institutions will refer to that when lending or granting access to foreign exchange. Names will be posted on a government website. "This is an unprecedented regulation on IP violation in terms of the scope of the ministries and severity of the punishment," said Xu Xinming, a researcher at the Center for Intellectual Property Studies at China University of Political Science and Law. The newly announced punishments are "a security net of IP protection" targeting repeat offenders and other individuals who aren't in compliance with the law, he said.
China Announces Punishments For Intellectual-Property Theft
Yawn ... call me when they are enforcing this regardless of the nationality of the owner of the stolen IP. The way things are at the moment China benefits from rigorous patent enforcement in the west but Chinese companies enjoy considerable priority and get massive preferential treatment over foreign ones when it comes to patent enforcement on Chinese soil. There is no reason to believe IP enforcement will be any different.
I'm sure the anti-Trumpers will find some negative spin to this
China has some very excellent and stringent environmental protection laws. Why does China have a shitty environmental record? Simple, China only enforces the environmental protection laws on foreign companies as tool to keep them from being competitive.
What you need to realize is that "China First" has always been China's policy and this will do nothing to change that. What will likely happen is that China will simply demand the IP using it's existing laws and then share it as part of the government funding. China is a dictatorship and dictators only pretend to play fair.
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