Thursday, December 01, 2005

Bleak future for China's economy? IP problems will certainly not help

Newsweek's George Wehrfritz has second thoughts about the halelujah stories on the Chinese economy. Overcapacity will be a key problem. GDP could nosedive. From 9,4 percent to 5 percent next year to 3 percent in 2007, according to Jim Walker, chief economist for investment bank CLSA.

And the article includes the mantra about IP in China:

"high-value-added technology companies are increasingly frustrated with intellectual-property theft and China's weak legal system."

Important article. Too bad Wehrfritz didn't elaborate about the role IP plays in this gloomy picture. Read more here.

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