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US in formal China piracy action

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posted on Aug, 13 2007 @ 04:38 PM
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US in formal China piracy action


news.bbc.co.uk

The US has made a formal request to the World Trade Organization (WTO) for it to crack down on copyright piracy and counterfeiting in China.

It says that China's failure to enforce copyright laws is costing software, music and book publishers billions of dollars in lost sales.

China has yet to comment on the formal request for a WTO hearing.

However when the US first launched its challenge in June, Intellectual Property Office commissioner Tian Lipu was quoted by state media as saying that it was "not a sensible move for the US government to file such a complaint".
(visit the link for the full news article)




posted on Aug, 13 2007 @ 04:38 PM
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The reason for posting this is simple. Last time the US mentioned this, the Chinese government came out, made a statement, which then saw a 9% drop on their stock market.

DOW lost 500 points the next day.

In other words, expect China to take economic action.

news.bbc.co.uk
(visit the link for the full news article)



posted on Aug, 13 2007 @ 05:17 PM
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Apparently this issue has become big enough for Popular Science to make it its cover story for the November issue.

The article states that the Chinese knockoff masters are doing the originator companies a favor by improving on their design (all while blatently infringing on all copyright laws).

This is interesting as they took the iPhone and compared it to its Chinese clone the Meizu M8 which supposedly, according to the writers, is better than the iPhone.

Lets just see how long they can get away with this.
My guess is a LONG time.



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