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by metacritic12
2757 days ago
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The nature of "laws" are also different in China versus a rule-based society like the USA (heck even Europe is less rule-based than the US). Even if China nominally had a law against IP theft, on the ground in it can be very different. They could (and do as the stories below show) ask companies to "voluntarily share their methods" and when they don',t, towns can delay permits, throw up selective barriers, and put in all sorts of disadvantages that are not officially codified. The west would be smart to wait to see how easy it really is to do business in China without giving over IP before giving China credit. China has been playing the "we passed a new law/speech" game to buy time for a long time, but the walk is far from following the talk. I hope China is serious, but only time will tell, not the law. |
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https://www.wsj.com/articles/wall-street-investment-banks-fa...
non-paywall: https://outline.com/UdR3KA