LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Business News » World News

Corrected: Some U.S. businesses urge caution in China intellectual property trade push

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
Updated: Wed, Oct 11, 2017
06:22 am
Reuters
RELATED NEWS
Expert Views: BIG! India's retail inflation eases to 4.59% in December Expert Views: BIG! India's retail inflation eases to 4.59% in December
Budget 2021 Expectations – HOME BUYERS to benefit if Govt accepts this demand; JLL CEO lists following demands Budget 2021 Expectations – HOME BUYERS to benefit if Govt accepts this demand; JLL CEO lists following demands
Jobs, land prices, Covid-19 vaccine, rural India, household savings, NBFCs, banks, consumption, capex - Positives and Negatives | EXPLAINED Jobs, land prices, Covid-19 vaccine, rural India, household savings, NBFCs, banks, consumption, capex - Positives and Negatives | EXPLAINED
Economy, markets, FIIs, chemicals, IT and Pharma - Make money, as India powers to new highs | EXPLAINED    Economy, markets, FIIs, chemicals, IT and Pharma - Make money, as India powers to new highs | EXPLAINED
Setback for China – Trend reversing in favour of India; SFI lands big blow! Know here WHY! Setback for China – Trend reversing in favour of India; SFI lands big blow! Know here WHY!

U.S. businesses and trade groups are split over how forcefully to crack down on China over intellectual property theft, with some arguing the country is making progress on its own in enforcing protections and urging the Trump administration to use negotiation instead of punishment.

Testimony at an International Trade Commission hearing on Tuesday showed the complexity of an issue that some groups say has cost the U.S. hundreds of billions of dollars in technology and millions of jobs lost to China, something the administration of President Donald Trump has said it will challenge.

They charge that Chinese firms have stolen ideas and software or forced firms to turn over intellectual property as part of the price of doing business with the world`s fastest- growing major economy.

The Trump administration has launched a so-called Section 301 investigation into China`s alleged misappropriation of intellectual property, and the president could impose tariffs or import restrictions to protect U.S. firms from what the administration deems unfair trade practices.

China "cheats across the board," said Richard Ellings, testifying on behalf of the Commission on the Theft of American Intellectual Property, a private group set up five years ago to monitor China`s handling of trademarks, patents and other forms of intellectual property.

"Just agreeing to manufacture in the country opens yourself" to theft or forced technology transfer, Ellings said, noting that a former U.S. official called Chinese cyber theft of intellectual property "the greatest transfer of wealth in history." Ellings said it requires a U.S. response based on "strength and leverage."

However, Erin Ennis, senior vice president of the U.S. China Business Council, a trade group of 200 companies that do business in China, said that surveys of its members found that just a third had been asked to transfer technology and that there was ”a minority ... who are forced to transfer technology and are not compensated."

“The administration has the opportunity to lead like-minded countries," to encourage China to address remaining problems rather than taking unilateral steps that could risk growing trade between the countries, she said.

Others noted the recent creation on a pilot basis of three special intellectual property courts in China as a sign of progress.

"That`s a positive step," said Scott Partridge, head of the American Bar Association`s intellectual property section.

Representatives of several Chinese commercial groups said at the hearing that the country should be given credit for the steady progress it has made in building an IP enforcement system from scratch as it joined the world economy.

Section 301 investigations are broad in scope, and have not been used much in recent years. The panel conducting the probe will submit a recommendation to the Office of the U.S. Trade Representative.

Allegations that Chinese firms routinely ignore patent and copyright protections have been widespread, and have been amplified in recent years by the country`s plans to compete in the manufacture of semiconductors, the largest commercial aircraft, and other sophisticated goods where the United States holds an advantage.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Economy
RELATED NEWS
Expert Views: BIG! India's retail inflation eases to 4.59% in December Expert Views: BIG! India's retail inflation eases to 4.59% in December
Budget 2021 Expectations – HOME BUYERS to benefit if Govt accepts this demand; JLL CEO lists following demands Budget 2021 Expectations – HOME BUYERS to benefit if Govt accepts this demand; JLL CEO lists following demands
Jobs, land prices, Covid-19 vaccine, rural India, household savings, NBFCs, banks, consumption, capex - Positives and Negatives | EXPLAINED Jobs, land prices, Covid-19 vaccine, rural India, household savings, NBFCs, banks, consumption, capex - Positives and Negatives | EXPLAINED
Economy, markets, FIIs, chemicals, IT and Pharma - Make money, as India powers to new highs | EXPLAINED    Economy, markets, FIIs, chemicals, IT and Pharma - Make money, as India powers to new highs | EXPLAINED
Setback for China – Trend reversing in favour of India; SFI lands big blow! Know here WHY! Setback for China – Trend reversing in favour of India; SFI lands big blow! Know here WHY!

LATEST NEWS

Himachal Pradesh Panchayat Samitis, Zila Parishads Elections Results 2021: Check counting date

Budget 2021 Expectations – This personal mobility solutions start-up eyes incentives on electric vehicles, GST reduction on batteries

Rishabh Pant smashes India to series win against Australia for the ages at Gabba

JEE, NEET syllabus to remain unchanged for 2021

Budget 2021 Stock Picks: Bharat Dynamics is a top stock for good returns, says Ambareesh Baliga

Biggest moment of my life: Pant

Vivo Y20G launched at under Rs 15000; Check price, colours, feature; know HDFC Bank, Bajaj Finserv, ICICI Bank offers

PUBG Mobile India: Launch date, trailer, competition from FAUG and other latest updates

Long live Test cricket, one of the best Test series win on Australian soil: Warne hails India''s effort

Sensex zooms 700 points, RIL up 2% (2nd Ld)

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved