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Business/Finance See other Business/Finance Articles Title: China's high speed rail tech copied by foreign countries: experts (People's Daily Online) After China's leading high speed rail became a major driving force for the country's economy, some countries have started copying and replicating China's technologies, bringing severe losses to the country, said experts with a branch of Shanghai People's Procuratorate in an article published on the website of Procuratorial Daily on Aug. 16. The rapid development of China's high speed rail comes with the problem of IP protection. Ineffective protection of the core technologies will directly cause a negative impact on the sustainable development of the industry. According to the article, it took China years to fully grasp the core technologies of high speed rail with limited resources. However, China has fallen into a "patent trap" set by some countries, since it had a poor record of IP protection. Under the framework of the Belt and Road Initiative, China has been exporting its high speed rail technology. However, some countries are copying China's technology through public documents and replicating it on their own land. Some countries have even applied for the patents before China, in both their homelands and some foreign countries, causing great losses for Chinese high speed rail enterprises. The article said the situation can be attributed to three main reasons: poor performance in patent registration and protection; lack of protection of business secrets; and ineffective preliminary work of intellectual property protection. Currently, the exportation of China's high speed rail technology has triggered IP protection issues, and it is urgent for related departments to offer support in this regard. The experts suggest that comprehensive measures should be taken to cope with technical barriers of developed countries and copying by developing countries. China should accelerate related legal processes and conduct better patent examinations. In addition, enterprises should take steps to protect their own IP rights overseas. (For the latest China news, Please follow People's Daily on Twitter and Facebook) (Web editor: Du Mingming, Bianji) Poster Comment: texastea • It is ironic because 10 years ago people were saying that Chinese had expropriated Japanese Bullet train technology. China is just getting started. In 20 years, China will again be the "Middle "Kingdom", the center of world techno-science and economic power. Especially if the Belt and Road project succeeds. Aussie Andrew go by Gunpowder, Printing, Compass, Porcelain, 20,000 kms High Speed Trains network.. World Wide Web ...Englishman; USA stole it.. Nuclear weapons; German; USA abuses them. USA steals technology and that will stop soon because some different countries such as China are going to change the rules of the world. Chinese railway companies building train lines and equipment all over USA right now. Uncle Sam can't even make mobile phones. Post Comment Private Reply Ignore Thread Top • Page Up • Full Thread • Page Down • Bottom/Latest Begin Trace Mode for Comment # 3.
#2. To: Tatarewicz (#0)
www.bloomberg.com/news/ar...-growing-mountain-of-debt China is different from other markets in an important way. Many large corporations and nearly all the major banks are state-owned. In other words, the debtors and creditors are ultimately owned by the same entity. That means the country could address debt problems in some unusual ways. One scenario is the state could take from the prosperous—coastal regions or high tech, for example—and give to the struggling. Another is that the government could simply cover debt. Some unprofitable state-owned enterprises are supported by lending from their banks essentially to keep employment at acceptable levels. Such debts could eventually be absorbed by the state as part of its social welfare expenditures. ... In addition, China’s listed banks get about 70 percent of their funds from deposits. In comparison, U.S. investment banks in 2008 relied heavily on short-term money-market funding.
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