President Obama Highlights Industry Concerns about IP Protections in China in a Joint Press Conference President Hu Jintao

Microsoft CEO Steve Ballmer joined a number of U.S. and Chinese business leaders for a meeting at the White House with President Barack Obama and Chinese President Hu Jintao.At the meeting, Ballmer highlighted the importance of intellectual property, or IP, to the future success and economic development of both countries, and noted the serious IP […]

Microsoft CEO Steve Ballmer joined a number of U.S. and Chinese business leaders for a meeting at the White House with President Barack Obama and Chinese President Hu Jintao.

At the meeting, Ballmer highlighted the importance of intellectual property, or IP, to the future success and economic development of both countries, and noted the serious IP piracy problems that currently exist in China.

President Obama talked at one point about the need for a "level playing field when it comes to our trading partners." It was in that context that the U.S. president cited comments made earlier in the day by Ballmer on the topic of software piracy. Specifically, the President said:

Some of it has to do with intellectual property protection. So we were just in a meeting with business leaders, and Steve Ballmer of Microsoft pointed out that their estimate is that only one customer in every 10 of their products is actually paying for it in China. And so can we get better enforcement, since that is an area where America excels -- intellectual property and high-value added products and services.

Reference: Transcript

[tags]intellectual property,china,hu jintao,leaders[/tags]

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