http://www.telegraph.co.uk/finance/china-business/8785611/US-Treasury-Secretary-Tim-Geithner-blasts-China-for-systematically-stealing-US-intellectual-property.html
US Treasury Secretary Tim Geithner blasts China for 'systematically stealing' US intellectual property
US Treasury Secretary Tim Geithner has accused China of "systematically stealing" American companies' intellectual property in an unusually blunt attack.
The directness of Tim Geithner's comments reflect the administration's rising frustration with some of China's politics Photo: AFP
7:06PM BST 23 Sep 2011
"They have made possible systematic stealing of intellectual property of American companies and have not been very aggressive to put in place the basic protections," Mr Geither said on Friday at a conference in the US capital, where finance chiefs from the G20 countries are meeting this weekend.
The directness of Mr Geithner's comments reflect the administration's rising frustration with some of China's politics, as well as the pressure Congress is exerting on the White House to act on the issue.
Earlier this week, Gary Locke, the US Ambassador in China, told an audience in Beijing that the Chinese government must accelerate its reforms. Chinese Premier Wen Jiabao, in turn, said this month that the country has reformed enough to merit "market economy status" under World Trade Organisation rules.
Mr Geithner said China's approach was "you want to sell to our country, we want you to come produce here. If you want to come produce here, you need to transfer your technology to us."
With the US and several European economies coming close to recession again, policy makers, including World Bank President Robert Zoellick, have warned of the dangers of protectionism as countries battle for a share of a shrinking pie.
RELATED ARTICLES
- China manufacturing contracts, hit by US, eurozone woes 22 Sep 2011
- China 'faces subprime credit bubble crisis' 17 Sep 2011
- Can China escape as world's debt crisis reaches Act III? 18 Sep 2011
- China states price for Italian rescue 14 Sep 2011
- UK manufacturers in China must prove they have more than heritage 01 Sep 2011
- China export orders hit by US, euro debt woes 01 Sep 2011
In the US, anger is typically focused on Beijing's policy of holding down its currency to help China's manufacturers. But this week a coalition of more than 50 US business groups told Congress that trying to force China to ditch its currency policy may be counter-productive. Energy should, instead, be focused on safeguarding US intellectual property in China and doing more to lift the restrictions for foreign companies, they said.
+++
Fun stuff to read, tell and watch:
Now FREE to watch all 91 minutes: "Defamation," from Israeli filmmaker Yoav Shamir. LINK: http://tinyurl.com/3rvhdvc
Some of His Best Friends Are Jewish: The Saga of a Holocaust Revisionist By Nathaniel Popper. Link: http://tinyurl.com/3v6m88c
...an Israeli lawyer has filed a class-action lawsuit against former President Jimmy Carter, seeking $5 million in damages because his book "Palestine: Peace Not Apartheid" allegedly defamed Israel. Link: http://tinyurl.com/3pltqg2
"...when you have laws against questioning the Holocaust narrative, you are screaming at the other person to stop thinking!!!" ---Mike Santomauro. *Anthony Lawson's Holocaust Video "were the Germans so stupid"... Link: http://tinyurl.com/44nsrco
An anti-Semite condemns people for being Jews, I am not an anti-Semite.--Mike Santomauro. Link: http://tinyurl.com/42z9p8o
Peace.
Mike Santomauro
Editorial Director
Call anytime: 917-974-6367
__._,_.___
MARKETPLACE
.
__,_._,___
No comments:
Post a Comment