A federal judge recently issued a $1.5 million fine to a Chinese wind turbine company, Sinovel, for stealing key intellectual property from a Massachusetts technology company, American Superconductor.
Intellectual property theft, at a minimum, benefits the overall Chinese economy, and, in many cases, directly aids the Chinese government.
For selling DuPont's secret chemical formula for making Oreo cookies to a state-owned Chinese company, Pangang Group.
Two years ago, the U.S.-based director of a Chinese tech company was convicted for literally stealing.
The Chinese government forces foreign companies to partner with Chinese companies in several key industries.
Many U.S. businesses have begrudgingly handed over their IP in order to gain access to the Chinese market.
In the most recent one involving the Chinese wind turbine company Sinovel, a federal judged added a $57.5 million restitution agreement that must be paid to AMSC. Sinovel was also placed on a one-year probation.
http://www.theamericanconservative.com/articles/the-unreal-scope-of-chinas-intellectual-property-theft/
Intellectual property theft, at a minimum, benefits the overall Chinese economy, and, in many cases, directly aids the Chinese government.
For selling DuPont's secret chemical formula for making Oreo cookies to a state-owned Chinese company, Pangang Group.
Two years ago, the U.S.-based director of a Chinese tech company was convicted for literally stealing.
The Chinese government forces foreign companies to partner with Chinese companies in several key industries.
Many U.S. businesses have begrudgingly handed over their IP in order to gain access to the Chinese market.
In the most recent one involving the Chinese wind turbine company Sinovel, a federal judged added a $57.5 million restitution agreement that must be paid to AMSC. Sinovel was also placed on a one-year probation.
http://www.theamericanconservative.com/articles/the-unreal-scope-of-chinas-intellectual-property-theft/
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