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RLK: If we look at these, China's making real progress in intellectual property, reducing cyber theft — more needs to be done. Not requiring tech transfer. The big one, which they won't change, is government subsidy for nascent technologies of the future. Such government-industry cooperation is part of the Chinese system — that's beyond their red line.
RLK: But China should be able to open their markets — and we should be able to have a trade between seriously open markets, which even Chinese economists say is good for the Chinese economy and very good for the world and American companies — and some sort of a recognition that China will continue to subsidize industries. That's where it will happen, we hope soon.
Robert Law
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