Get ready for increased Chinese intellectual property theft

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Concluding its Fifth Plenum, the Chinese Communist Party made clear that it intends to double down on U.S. intellectual property theft. Beijing didn’t use such explicit words, of course, but that’s the key takeaway from this week’s announcement.

One commentator explained the situation in an article circulated in state media. The effort to dramatically bolster China’s independent technology base was necessary, he said, toward “building a modern socialist country in an all-round way, to seize the major opportunities of a new round of scientific and technological revolution and industrial transformation, to build a new development pattern and shape new development advantages, we need more innovative forces and give full play to scientific and technological innovation that has not been seen in a century.”

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