Introduction Many people do not understand the seismic shift in IP that has taken place in China. It is on the verge of becoming a major IP-based economy based on innovative technology and IP, creating a tidal wave of patents likely to wash over the US and Europe’s shores in the next two decades, enabling China to dominate significant technology areas. This stems from the recognition inside China (largely missed by foreign observers) of the fundamental importance of IP to economic growth as well as the natural creativity and inventiveness of the Chinese. By contrast the real, but poorly understood, issue is that the West, particularly the US, continue to weaken their IP systems on which their competitive and innovative advantage over the past 200 years has been largely built. The ....Read More