Monday, October 15, 2018 | ePaper

Trade war hurts US-China innovation eco-system

  • Print
Xinhua, San Francisco :
The trade war started by U.S.  President Donald Trump's administration will hurt the U.S.-China innovation ecosystem, a law professor said Tuesday in Berkeley, California.
Robert Merges, a law professor at University of California, Berkeley (UC Berkeley), made the remarks at a panel discussion organized by the Berkeley Center for Law and Technology in partnership with the National Committee on U.S.-China Relations and the Asia Society Northern California.
The panel of local experts focused on U.S.-China relations involving trade, the technology industry and intellectual property (IP) rights.
Merges hoped "people in the Washington" realized sooner or later the cost of increased trade friction.
"I hope people have an idea of also the enormous benefits that have been created in this innovation ecosystem," he added.
Merges, co-director of the Berkeley Center for Law and Technology, also warned of some dangerous narratives that need to be addressed.
He said the idea was "quite wrong" that everything that is creative and original is made here in the United States, "so we don't need anybody else."
"Do we really want to retreat into insular innovation ecosystems? Do we really think we are going to be better off?" he said.
"Do you think that the rapid economic growth in China has nothing to do with the fact that there's been this mass transportation and flow of people, ideas and money?" he said.
Merges said the U.S. government should encourage the free flow of people, which leads to a lot of creative technologies that are created collaboratively in hundreds and thousands of deals.
As to the protection of IP rights in China, Merges said the Chinese IP law has been reformed, and it is much more sophisticated than it was 10 or 15 years ago.
Merges, who travels to China frequently, noted the enforcement of IP law in China is now much better, and it applies equally to foreigners and domestic Chinese.
"Every day, IP litigation in Chinese courts is increasing very quickly.  U.S. companies win at a higher rate than Chinese domestic companies. That's a fact," he said.

More News For this Category

US trade spat needs 'constructive solutions': China central bank

AFP, Nusa Dua :China's central bank governor Sunday sought to cool the temperature on a brewing trade-and-currency war with the United States, calling for "constructive solutions" as the spat

WTO not equipped to deal with China and its industrial policies: US

PTI, Washington :China's economic system is not compatible with the norms of the WTO, the Trump administration has said, asserting that the international trade body is not equipped to

SAK Ekramuzzaman, Managing Director of Rakeen Development Company (BD) Limited, handing over a symbolic key to a flat owner of Bijoy Rakeen City in Mirpur at a ceremony on Sunday. Lt. Col (Retd.) AKM Zahurul Islam, Company Chief Operating Officer and other senior officials of the company were also present.

SAK Ekramuzzaman, Managing Director of Rakeen Development Company (BD) Limited, handing over a symbolic key to a flat owner of Bijoy Rakeen City in Mirpur at a ceremony on Sunday. Lt. Col (Retd.) AKM Zahurul Islam, Company Chief Operating Officer and other senior officials of the company were also present.

.

WB offers disaster-hit Indonesia $1b loans

AFP, Nusa Dua :The World Bank on Sunday announced funding of up to $1 billion for Indonesia after it was rocked by a string of recent disasters including a

World experts upbeat about stability, resilience of Chinese economy

Xinhua, Beijing : Amid complicated international landscape and new changes in China's domestic economy, experts around the world believe that the Chinese government has sufficient policy tools to

Md. Obaidul Islam, Head of Financial Institutions and Offshore Banking of Eastern Bank Limited (EBL) and Tan Kah Chye, Chairman of CCR Manager,   exchanging an agreement signing document in Singapore recently. Under the deal, paves the way for EBL to join a rapidly growing community of leading global banks. Senior officials from both the organizations were also present.

Md. Obaidul Islam, Head of Financial Institutions and Offshore Banking of Eastern Bank Limited (EBL) and Tan Kah Chye, Chairman of CCR Manager, exchanging an agreement signing document in Singapore recently. Under the deal, paves the way for EBL to join a rapidly growing community of leading global banks. Senior officials from both the organizations were also present.

.

Syed Waseque Md. Ali, Managing Director of First Security Islami Bank Limited, poses for a photo session with the participants of a Quarterly Business Conference of its Dhaka and Rajshahi Zone at a hotel in the city on Thursday. Abdul Aziz, AMD, Md. Mustafa Khair, DMD, Divisional Heads and Branch Managers from two zones of the Bank were also present.

Syed Waseque Md. Ali, Managing Director of First Security Islami Bank Limited, poses for a photo session with the participants of a Quarterly Business Conference of its Dhaka and Rajshahi Zone at a hotel in the city on Thursday. Abdul Aziz, AMD, Md. Mustafa Khair, DMD, Divisional Heads and Branch Managers from two zones of the Bank were also present.

.

JICA to provide Tk 703cr to raise medical services

BSS, Dhaka :Japan International Corporation Agency (JICA), a development organization of Japan, will provide Taka 703 crore to raise services of medical colleges and hospitals at eight divisions of

Fourth Industrial Revolution refers to the emerging technologies

BSS, Rajshahi :Academics and experts at a discussion here on Sunday unanimously said the Fourth Industrial Revolution refered to the emerging technologies blurring the traditional boundaries between the physical,

An honorary crest-2018 was handed over on the occasion of the 18th anniversary of Sharmin Selim Tuli's business. Twelve successful women in different fields of the society were honored. The book 'Rup Charchar Satsotero' written by Sharmin Selim Tuli was unveiled at All-Community Club of Gulshan-2 in the city on Saturday evening. State Minister for Women and Children Affairs Meher Afroz Chumki, Salma Islam MP, Raziuddin Ahmed Razu, MP among others were present.

An honorary crest-2018 was handed over on the occasion of the 18th anniversary of Sharmin Selim Tuli's business. Twelve successful women in different fields of the society were honored. The book 'Rup Charchar Satsotero' written by Sharmin Selim Tuli was unveiled at All-Community Club of Gulshan-2 in the city on Saturday evening. State Minister for Women and Children Affairs Meher Afroz Chumki, Salma Islam MP, Raziuddin Ahmed Razu, MP among others were present.

.