Property at stake
There are plenty of issues for Secretary of State John Kerry to discuss with the new Chinese leadership during his trip to Beijing. The dangerous situation on the Korean peninsula demands top attention. But China’s theft of U.S. intellectual property is also reaching crisis levels.
Businesses in the United States are losing billions of dollars and an estimated million jobs because China and other countries are stealing our intellectual property. Intellectual property is often the crown jewel of a company, and we have to look no further than the Research Triangle to understand this.
China siphons off the core strength of the U.S. economy: our innovation, our blueprints and our plans for the future. Business as usual for them means stealing research rather than developing it through their own investment. American companies spend more than $400 billion on research and development each year – more than double the amount Chinese companies spend.
When Kerry is in China, he should underscore that intellectual property infringement discourages American companies from investment in China and make clear that there will be concrete costs if this theft persists. China must face a negative consequence for its actions in the terms it understands. Money.
U.S. Rep. George Holding, Raleigh
The writer, a Republican, represents North Carolina’s 13th District.