🏛️ China retaliates by openly abandoning IP protection

“China had the State Council meeting a couple of days ago, and in that State Council meeting, they announced a series of measures and a series of steps that they would be willing to take on IP infringement in the case of retaliatory tariff escalation in a trade war. What that means is that China may step up and say, you know what, we are disregarding all of the IP rights held by IP rights holders around the world, and they could steal IP more openly, more brazenly”

“The same is true, by the way, in pharmaceutical companies, in software companies, in hardware companies. If you want to go do business in China today, you have to set up a 51% JV, where some local company owns 51% of your equity and your IP. ... They can come in and take your IP. And so I think that this is like a really important part of the trade discussions and negotiations that a lot of people miss, that American businesses will see massive revenue growth and massive market adoption if we can get regulatory parity in some of these key trade deals.”

“And you will see some very good posts recently on people talking about how a lot of technology that's been developed in the United States is being transferred to China and they are building biotech companies and biotech solutions that take American IP and put them into market. And this has also had a very big dampening effect on the biotech market.”

“the amount of IP that's available for purchase or for licensing, questionable provenance, but how effective and good it is, is causing them to figure out how to establish more of a presence to just buy stuff there.”