China Moves to go after Intellectual Property rights infringement

Today China announced it will raise penalties on violations of intellectual property rights and they are exploring lower thresholds of criminal punishments for those who steal IP.

Part of the part of the issue with the USA and dealing with intellectual property in China is that a lot of our products that we consume here our discretionary products are made in China.

Which makes it very easy for Chinese Bootleggers / Pirates to copy the original product and make it sometimes a third of the price of the actual product. This has been going on for years with products like cell phones, clothes, shoes and more.

The fact that China is taking steps to go after infringers of intellectual property rights it's a good thing for the US economy. It's a good thing for the consumer in terms of quality and it's definitely a good thing for US companies who do business in China.

As a result of this news Futures are up today.