Protecting Intellectual Property Rights in China: Executive Summary
Stefan Dyulgerov # 1481746
Executive Summary of Protecting Intellectual Property Rights in China
The article discusses a problem, which foreign investors face while operating in one of the most strategic markets in the world – China. According to the article, corporations, which operate in China face a great challenge in protecting their intellectual property rights on that market. The article discusses three major points.
First of all, it suggests that China is a strategic market for a lot of companies, but these very same companies must be aware of and well prepared for the fact that when they start operations in China, it is very likely that their IP will be at risk.
Protecting intellectual property rights in China turns out to be a real challenge for foreign corporations, which operate on that market. The article suggests that it is actually the biggest problem, which a company operating in China is going to face. Local companies in China see the theft of IP of their foreign competitors as a way to innovate and be competitive while spending little in R&D. By being unprepared to correctly tackle this challenge, companies from the USA and Europe have lost hundreds of millions a lot in revenues.
The second point the article discusses is what companies need to know in order to understand the reasons behind the threat for their IPs in China.
The articles suggests that there are three factors, which are influencing the IP rights threat in China. The first factor is the fact that China wants to be a leader in technology by 2050. The Chinese are aiming to achieve this goal by improving on the products of foreign companies.
The second factor is that in present days, unlike in the past, in order to be competitive in China, foreign companies need to produce and offer technologically innovative products there. This fact, combined with the intention of Chinese companies to develop their products on top of foreign products, creates an environment, which really put IP
Executive Summary of Protecting Intellectual Property Rights in China
The article discusses a problem, which foreign investors face while operating in one of the most strategic markets in the world – China. According to the article, corporations, which operate in China face a great challenge in protecting their intellectual property rights on that market. The article discusses three major points.
First of all, it suggests that China is a strategic market for a lot of companies, but these very same companies must be aware of and well prepared for the fact that when they start operations in China, it is very likely that their IP will be at risk.
Protecting intellectual property rights in China turns out to be a real challenge for foreign corporations, which operate on that market. The article suggests that it is actually the biggest problem, which a company operating in China is going to face. Local companies in China see the theft of IP of their foreign competitors as a way to innovate and be competitive while spending little in R&D. By being unprepared to correctly tackle this challenge, companies from the USA and Europe have lost hundreds of millions a lot in revenues.
The second point the article discusses is what companies need to know in order to understand the reasons behind the threat for their IPs in China.
The articles suggests that there are three factors, which are influencing the IP rights threat in China. The first factor is the fact that China wants to be a leader in technology by 2050. The Chinese are aiming to achieve this goal by improving on the products of foreign companies.
The second factor is that in present days, unlike in the past, in order to be competitive in China, foreign companies need to produce and offer technologically innovative products there. This fact, combined with the intention of Chinese companies to develop their products on top of foreign products, creates an environment, which really put IP