US Section 301 Update On China: Systematic Espionage, Plundering Of IP In US, EU, Australia, Japan 20/11/2018 by William New, Intellectual Property Watch 4 Comments Share this:Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Facebook (Opens in new window)Click to email this to a friend (Opens in new window)Click to print (Opens in new window)The Office of the United States Trade Representative’s (USTR) latest update of its “Section 301” investigation of China’s alleged theft and manipulation of US intellectual property rights, technology transfer, and trade secrets released today contains a litany of cases of China’s nefarious behaviour in the US as well as Europe, Japan, Australia and elsewhere. In the face of sharp criticism, China has dug in further, the report says, and countries are teaming up at the multilateral level to try to put a stop to these practices. The report lists actions underway to try to control and stem the activity, for instance through “national security-related investment review processes.” One serious concern raised is intensive investment in the latest technologies of the west: “[D]espite an apparent aggregate decline in Chinese outbound investment in the United States in 2018, the Chinese government continues to direct and unfairly facilitate the systematic investment in, and acquisition of, U.S. companies and assets by Chinese entities, to obtain cutting-edge technologies and intellectual property and generate large-scale technology transfer in industries deemed important by state industrial plans,” the 53-page report says. “Chinese outbound investment is increasingly focused on venture capital (VC) investment in U.S. technology centers such as Silicon Valley, with Chinese VC investment reaching record levels in 2018.” Among the many other accusations, China is said to conduct licensing practices that are biased against foreign firms. It is unclear whether the US or trading partners will take legislative or other firm action to change directions. The report ends only on the vague note that “USTR intends to continue its efforts to monitor any new developments and actions in this area.” The USTR Section 301 update is available here [pdf]. Share this:Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Facebook (Opens in new window)Click to email this to a friend (Opens in new window)Click to print (Opens in new window) Related William New may be reached at email@example.com."US Section 301 Update On China: Systematic Espionage, Plundering Of IP In US, EU, Australia, Japan" by Intellectual Property Watch is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.