Vice premier Wu Yi, China's iron lady, will talk IP with US commerce secretary Carlos Gutierrez and US trade representative Rob Portman on April 11 meeting. This must set the stage for talks when US president George W. Bush hosts President Hu Jintao at the White House on April 20."Gutierrez said widespread counterfeiting posed a threat to China's own long-term development, citing the example of lost tax revenues. "Ironically, it is China that is most affected by violations of intellectual property rights," the Commerce Secretary noted. He said the failure to curb piracy could thwart China's efforts to create firms able to compete globally."
Read Edward Lanfranco's article for United Press published at World Peace Herald here or Jason Subler's story for Reuters here.
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