Although China has made great improvements to its intellectual property (IP) laws in the last few years, inconsistent enforcement has damaged the country’s relationship with several big and powerful companies. In this short but insightful article for Caixin, German ambassador to China Michael Clauss outlines the problems that China still faces in bolstering consumer confidence and luring foreign businesses. getAbstract recommends this quick read to anyone with an interest in international business, IP laws or Chinese relations with Western nations.
In this summary, you will learn
- Why lapses in the enforcement of intellectual property (IP) laws remain a problem that harms China’s overall economic growth, and
- What consequences Chinese consumers and the economy may face without more stringent IP enforcement.
About the Author
Michael Clauss is the German ambassador to China and a frequent contributor to magazines and online international affairs publications like Caixin and South China Morning Post.