Will The US Soon Be Out-Innovated By China?

Law360, New York (June 01, 2010, 12:16 PM ET) -- While China has long held a reputation as a country that counterfeits or “knocks off” the goods of others, three recent developments are set to change this radically.

First, the recent “Buy China” policies mandate local governments purchase products developed within China, thus encouraging domestic production and innovation. Second, China is rapidly and decisively developing its intellectual property system with the underlying goal of promoting innovation. Third, the Chinese government has begun aggressively pushing innovation, innovation, innovation through all channels (businesses, government, schools and universities) and,...