Wednesday, April 18, 2012

U.S., China Tout Progress Over IP

Chau, Loretta. "U.S., China Tout Progress Over IP." The Wall Street Journal, April 12, 2012

From the article: "U.S. and Chinese officials touted recent progress in intellectual-property protection in China and called for continued efforts, even as U.S. and Chinese companies engage in high-profile battles over famous names such as iPad and Michael Jordan. U.S. officials continued to complain that high piracy rates in China are cutting into profits for rights owners, despite recent efforts by the Chinese government to crack down on Internet and software piracy.

On Thursday the U.S. called for greater cooperation by China with intellectual-property agencies in other countries as well as more consistent enforcement…. Chinese officials at the event, part of which was open to reporters, asked critics to be "objective" and to recognize the differences between the U.S. and China. "Equality and respect…are the basis for cooperation," said Chong Quan, assistant minister at China's Commerce Ministry. "China and the U.S. have different cultural and historical traditions. We are in different stages of economic development." Read more