The CEO of BlackBerry discussed his belief that China will start to provide more intellectual property rights within their borders as more and more of that intellectual property is made right there in China.
CNBC reports that the Trump Administration has taken offense at the lack of intellectual property rights in China and has even claimed that the country has stolen a number of products and ideas from US-based companies. They say that the Chinese currently have so few protections and regulations against this sort of the thing that the people feel perfectly fine and protected while stealing the hard work of entrepreneurs in the United States.
Chinese firms are starting to produce more and more of their own technologies and advancements. Those who are concerned with theft on the part of the Chinese are very hopeful that this will encourage the country to increase the number of laws in China to protect intellectual property in general.
There are some mega-sized tech companies that have gotten their start in China at this point. Think of Alibaba and Tencents as examples. Those kind of brands generate a lot of their own intellectual property, and they are not about to hand it over easily or without a fight. They are going to demand of their own government new reforms that help them protect their own business model. The thing about it is, intellectual property theft is a two-way street. Stealing ideas from US companies may be a great short term strategy, but if it continues on and on, the US may retaliate by stealing Chinese property in the future.
It is still expected that it will take some time before the intellectual property rights in China get anywhere close to where they need to be. The truth is that there is still a big gap between where China is on this issue and where the United States is. Thus, US companies are likely to continue to be frustrated by this situation for some time to come. There is just no getter around the fact that companies will have to learn how to navigate in an environment in which China does not fully protect all of the ideas and work that they have put into their products. It is a simple reality of the way that the world works right now. While it may change going forward, for the time being it is just something we have to put up with.