WASHINGTON (Reuters) - Treasury Secretary Timothy Geithner said on Thursday that China is holding to its decades-old strategy to steal American intellectual property, in a pointed statement reflecting U.S. officials' growing impatience with Beijing.
"They China have made possible systematic stealing of intellectual property of American companies and have not been very aggressive to put in place the basic protections for property rights that every serious economy needs over time," Geithner told a forum in Washington.FULL STORY
"We're seeing China continue to be very, very aggressive in a strategy they started several decades ago, which goes like this: you want to sell to our country, we want you to come produce here ... if you want to come produce here, you need to transfer your technology to us," Geithner said.
Pretty clear we are turning a corner on a decades long antipathy by the US Government, to long term intellectual property infringement by China. No more.
Line in sand is drawn. With an election year looming, this will stay on the front burner with the D's and R's for the foreseeable future.
No love in the heartland, for the damage done to our national manufacturing base by past politicians and global corporation doing the destructive off-shoring.
Even the frickin Tea Party Dummies seem to get this issue.
This is more good news for Made in the USA.