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You left out what (I would think) is the biggest thing! (For your industry especially). That is IP! It is worth noting specifically, because the costs of Chin
by logicallee 11y ago
You left out what (I would think) is the biggest thing! (For your industry especially). That is IP!
It is worth noting specifically, because the costs of China not being on board with protecting innovation means 1) they create a lot less of it (which is both their loss and ours) 2) the stuff you manufacture there has to be protected by the laws of physics, the software, and access etc, rather than a simple code of laws.
This cost is clearly not insurmountable - everyone manufactures in China. But they have to take precautions as they do so, instead of just relying on local law.
By the way I don't think this is in their interests, and I think they will move away from this model with time. There are no doubt great Chinese inventors and creators who need very little by way of protection before creating amazing things that are temporarily protected all over the world. It is almost just an ancillary benefit that they will also start to respect what others (i.e. the rest of the world) manufacture there.