Featured Articles

Apple announces its Apple Watch

Apple announces its Apple Watch

Apple has finally unveiled its eagerly awaited smartwatch and surprisingly it has dropped the "i" from the brand, calling it simply…

More...
Skylake 14nm announced

Skylake 14nm announced

Kirk B. Skaugen, Senior Vice President General Manager, PC Client Group has showcased Skylake, Intel’s second generation 14nm architecture.

More...
Apple officially announces 4.7-inch iPhone 6 and 5.5-inch iPhone 6 Plus

Apple officially announces 4.7-inch iPhone 6 and 5.5-inch iPhone 6 Plus

The day has finally come and it appears that most rumors were actually spot on as Apple has now officially unveiled…

More...
CEO: Intel on target for 40m tablets

CEO: Intel on target for 40m tablets

Intel CEO Brian Krzanich just kicked off the IDF 2014 keynote and it started with a phone avatar, some Katy Perry…

More...
Aerocool Dead Silence reviewed

Aerocool Dead Silence reviewed

Aerocool is well known for its gamer cases with aggressive styling. However, the Dead Silence chassis offers consumers a new choice,…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Thursday, 19 May 2011 10:15

US claims China piracy costs it billions US

Written by Nick Farell


ITC said it lost $48 billion in 2009
Chinese piracy and counterfeiting of US software and intellectual property cost American businesses an estimated $48 billion in 2009. According to a report issued by the US International Trade Commission more than 2.1 million jobs could be created in the United States if China complied with its international obligations to protect and enforce intellectual property rights. Most of the jobs would come in high-tech and other innovative industries.

The report was created at the request of the US Senate Finance Committee and it is designed to give President Obama ammunition to press Beijing for better protections. More than $26 billion of the losses came from the information and service sector and more than $18 billion came from the high-tech and heavy manufacturing sector in addition to billions more from other sectors, the report said.

Senate Finance Committee Chairman Max Baucus said China has failed to protect and enforce American intellectual property rights, and it continues to discriminate unfairly against American businesses. The figures show that there are real consequences to these violations when these numbers show that millions of American jobs are on the line.

Nick Farell

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments