Posted on 06/09/2015 9:15:12 PM PDT by Olog-hai
China needs to better protect trade secrets and fairly enforce business rules to ensure European investment and hiring at a time when Chinese leaders are trying to foster a more innovative economy, the biggest European business group in China said Wednesday.
Optimism about continued profitability is waning and nearly a quarter of European companies doing business in China plan to cut staff, according to an annual survey by the European Chamber of Commerce. […]
To ensure continued European participation during China’s economic slowdown and its “paradigm shift” toward more value-added industries, the government must more uniformly enforce business rules without unduly targeting foreigners, improve Internet access and guarantee protection of intellectual property, the European Chamber said. …
(Excerpt) Read more at hosted.ap.org ...
"There seems to be great reluctance now to put up an R-and-D section in China, because of distrust," Joerg Wuttke, chamber president and China chief for German chemical giant BASF, said in an interview.
Onions sez;
Well. What could they say that is more f’ed up than this?
Europeans whose economies have no money tell the Chinese that they hold all cards and are therefore doing something wrong?
There are no secrets in China.
OH! china in total war against Capitalism since it went communist?..
THAT CHINA?..
In communism THE STATE OWNS are property, people, information.. (truth, lies, propaganda, facts and theories)...
If you believe that I've got a mass grave I want to show you..
[/snide]
dont believe
China, a no-trust society where human life has no value. So why should they honor IP?
Slavery and copyright theft IMO would be their biggest trade secret.
You honor what needs it, and dishonor what needs that..
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