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Gary Locke: China Should Tackle Intellectual Property Rights

China flag_EGovGary Locke, U.S. ambassador to China, has called on China to address intellectual property rights issues in order to boost its innovation efforts, Reuters reported Thursday.

Michael Martina, Ben Blanchard and Paul Carsten write the comments come as the U.S. believes corporate espionage has resulted in companies losing market position and competitive advantages.

“Rights holders, including many Chinese, have told us … that courts lack consistency in the application of procedural remedies and that damages awarded do not fully compensate for losses or fail to deter future infringers,” Locke said Thursday, according to the report.

“So long as such entrepreneurs’ efforts go unrewarded, China’s efforts to develop an innovative, 21st Century economy will remain stunted,” Locke added.

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