Japan, China, Stocks and Finance for Expats

Sinophobes can't tell the difference between size of a stock market vs size of an economy. And remember when Samuel Slater stole industrial designs from the British? Or when the Japanese was known for producing cheap knockoff products during their own industrialization phase? Nowadays China is moving on from that phase, and produce plenty of quality products from Huawei and Lenovo. LMAO @ singling out China for something almost all countries had a hand in, and which some, like Mexico, Vietnam, and India, continue to do so.

Also one that predates the People's Republic of China by decades and has always had a functioning government. No matter how much the government in Beijing may like to pretend otherwise, the Republic of China has been a nation-state since its formation and nothing short of a full scale invasion is going to change that in the foreseeable future. Really the question should be why the presence of a small, peaceful nation to their south-east bothers the People's Republic of China so much.

The lack of enforcement of IP laws are problematic in all developing countries, not just China. Furthermore, China has reformed its IP laws in the last five years and have implemented special courts dealing with such disputes. Considering the foreign expansion of Chinese firms, strong IP laws are a necessity.

https://thediplomat.com/2018/01/chinas-progress-on-intellectual-property-rights-yes-really/

Meanwhile, Westerners continue to download copyrighted works from the likes of Pirate Bay (hosted in Sweden) and other torrent services, but it's okay when White people do it, am I right?

And LOL @ suggesting the BS myth that creative people don't exist under communism. Ever heard of great filmmakers like Sergei Eisenstein and Zhang Yimou? Writers like the Strugatsky Brothers and Liu Cixin, the latter who won the 2015 Hugo Prize? Just because you Westeners never heard of them doesn't mean that they don't exist.

The proposed system according to Western media is exaggerated to hell, and there are so much confusion between what's really proposed and what's just hearsay.

There are currently existing systems such as Sesame Credit and Tencent Credit, respectively used by the media conglomerates Alibaba and Tencent as some form of loyalty credit system, similarly to many existing in Western countries. There are used to determine a person's trustworthiness when it comes to taking credit and loans, and having a high credit score with a certain company means you receive periodic rewards like vouchers and discounts.

The social credit system, as a national reputation system, is based on tech from aforementioned Sesame Credit system. It is still being discussed, and even among Chinese social media its implications are hotly debated, and it is unlikely some of the more controversial measures, like internet browsing habits, are going to be implemented due to China's notorious bureaucracy problems as well as potential backlash. There is also a separate rating system for companies to stimulate market trust, and companies with higher ratings can receive lower tax rates and more governmental investment opportunities.

Overall the system is still being proposed and some measures can be seen as draconian, but it is a far cry from the dystopian nightmare Western media is proclaiming. For instance, similar systems in terms of data collection already exist in the Western world, banks and other financial institutions already use systems to determine a potential client's reliability. The Chinese government is simply more blatant about it.

I don't know if you are trying to obfuscate the issue, or if you really don't see the difference, but the type of IP theft in China that people complain about comes in several forms, but it has nothing to do with internet piracy. Those are completely different things.

One type of IP theft was already mentioned, wherein companies will be forced to surrender their intellectual property as a price of doing business in China at all. Another type is just plain old theft through hacking. Another is copyright/trademark violation of the sort that gets made into memes.

https://tinyurl.com/yddsgvoe

that kind of thing.

Piracy is stealing a product so you don't have to pay for it. The sort of IP theft/copyright violations people complain about it China are when you steal or obtain something through dubious means and profit from it. Like remember when Ninebot purchased Segway? They literally stole Segway's product wholesale, made huge profits off of doing so because Segway had no real means of fighting back, and then turned around and used the profits they got from their theft to purchase Segway.

Or look up Dejan Karabasevic, American Superconductor, and what happened with China's wind turbines (it's as fascinating as it is horrible).

So, no, the pirate bay is not a meaningful counter to the type of thing that China does. And claiming that they've cleaned up their act is:

1. Not true

2. Small comfort to those whose lives have already been ruined even if it were true

3. Kind've beside the point when you're talking about huge projects like the American Superconductor story (they already got away with the theft, so it's pretty meaningless for them to be like "we won't steal it again")