Thursday, May 23, 2013

US report warns on China IP theft

The theft of intellectual property from the US is "unprecedented" and costing the nation an estimated $300bn (£200bn) each year, a report says.

The study, led by former top-ranking officials, said China was thought to be behind 50-80% of the theft.

Stronger deterrent measures that made IP theft unprofitable were needed, the report said.

These included banking sanctions and import or investment curbs on companies failing to protect IP rights.