Gutierrez warns China of American backlash

Ruth Kirchner Nov 14, 2006
HTML EMBED:
COPY

Gutierrez warns China of American backlash

Ruth Kirchner Nov 14, 2006
HTML EMBED:
COPY

TEXT OF STORY

MARK AUSTIN THOMAS: It’s day two of U.S. Commerce Secretary Carlos Gutierrez’s visit to China. This morning he spoke to an audience of American and Chinese business leaders. He urged them to do more to crackdown on pirated goods and infringement of intellectual property rights. Ruth Kirchner has more from Beijing.


RUTH KIRCHNER: Gutierrez pointed the finger at criminal gangs and their illicit trade in goods ranging from music and film to medicine and car parts. He warned that failure to crack down could fuel an American backlash.

CARLOS GUTIERREZ: Another victim of widespread IP theft in China is American support for expanding our trade relationship.

Gutierrez said to fight piracy China also needs to open its markets more widely, especially to U.S. entertainment companies.

GUTIERREZ: The current barriers to entry for legitimate goods in the Chinese market create a haven for pirates. If the only way that people can access these movies and motion pictures is through pirated products they will do so.

Pirated copies of Hollywood blockbusters sell for as little as $1 in many Chinese cities.

Overall piracy is costing U.S. industry an estimated $2.3 billion a year from lost copyright revenues.

In Beijing, I’m Ruth Kirchner for Marketplace.

Marketplace is on a mission.

We believe Main Street matters as much as Wall Street, economic news is made relevant and real through human stories, and a touch of humor helps enliven topics you might typically find…well, dull.

Through the signature style that only Marketplace can deliver, we’re on a mission to raise the economic intelligence of the country—but we don’t do it alone. We count on listeners and readers like you to keep this public service free and accessible to all. Will you become a partner in our mission today?

Your donation is critical to the future of public service journalism. Support our work today – for as little as $5 – and help us keep making people smarter.