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BUILDING GLOBAL PARTNERSHIPS: OPPORTUNITIES IN U.S.-CHINA COOPERATION
Pages 49-52

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From page 49...
... Ms. Borg noted that Under Secretary Hormats has spent a "tremendous amount of time recently in China" and that many State Department officials were going to China for an upcoming U.S.-China Strategic and Economic Dialogues.1 "This is a prelude to that, which occurs in just a few days." 1 The U.S.-China Strategic and Economic Dialogue is a series of high-level bilateral meetings established by President Barack Obama and Chinese President Hu Jintao in April 2009 to discuss a broad range of issues between the two nations.
From page 50...
... These policies include education, research-and-development funding, good governance, transparent regulatory policies, open and competitive markets, and "policies that allow companies to succeed and sometimes fail." She said nations "must also embrace and enforce an intellectual property system that allows innovators to reap the benefits of their ideas and rewards risktaking." Intellectual property promotes innovation, Ms. Borg explained.
From page 51...
... "Rarely are such complex products based solely on the intellectual property of a single business or a single nation," she said. "Nations that fail to protect intellectual property will find themselves cut off from these dynamic global partnerships because innovative firms will hesitate to invest in or form partnerships with countries where their intellectual property may be stolen." China and the United States also must work together to promote open trade in order to promote innovation, Ms.
From page 52...
... "As China seeks to increase investment abroad, we want to work together to ensure a transparent environment consistent with our regulations and laws." She pointed out that China also benefits from foreign investment. "The United States seeks fair and equitable treatment for our investors abroad," Ms.


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