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The IP theft claims are massively played up. American companies did business in China because it made them money, even despite possible IP theft or IP transfer
by DiogenesKynikos 6y ago
The IP theft claims are massively played up. American companies did business in China because it made them money, even despite possible IP theft or IP transfer agreements.
The US has protected its interests just fine in China. Its companies have made massive profits off of Chinese labor and in the Chinese market. In order to join the WHO, an institution created largely by the US, China underwent all sorts of business-friendly reforms, including privatizing parts of the economy, lowering tariffs, and establishing IP protections. Enforcement of IP rights has increased dramatically over the past decade, by the way.
> This pressure is very soft and kind comparing how China treat any other foreign company not only US.
China isn't going around the world trying to force foreign companies to stop doing business with American companies. The US' actions against Chinese companies are far more extreme than the other way around.
- DiogenesKynikos 6y ago*WTO, not WHO