OPINION_ Get ready for increased Chinese intellectual property theft

WASHINGTON EXAMINER

Get ready for increased Chinese intellectual property theft

by Tom Rogan, Commentary Writer | | October 30, 2020 03:54 PM


Concluding its Fifth Plenum, the Chinese Communist Party made clear that it intends to double down on U.S. intellectual property theft. Beijing didn't use such explicit words, of course, but that's the key takeaway from this week's announcement.

One commentator explained the situation in an article circulated in state media. The effort to dramatically bolster China's independent technology base was necessary, he said, toward "building a modern socialist country in an all-round way, to seize the major opportunities of a new round of scientific and technological revolution and industrial transformation, to build a new development pattern and shape new development advantages, we need more innovative forces and give full play to scientific and technological innovation that has not been seen in a century."

China’s motive here is to ensure its continued innovation in military, telecommunications, and scaled-up hardware export industries. If it fails to master that innovation curve, the regime knows that its inherent structural weakness, the destruction of capital inherent to its socialist command economy model, will override any potential for sustained economic growth. That will bury Xi Jinping’s master plan for eventual global supremacy. Whoever wins in Tuesday's election will have to grapple with this reality over the next four years.

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READ MORE: https://www.washingtonexaminer.com/opinion/get-ready-for-increased-chinese-intellectual-property-theft

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