There is a really interesting story in the Wall Street Journal Today About patent filings. It seems the Chinese have been filing enough patents to flood the processing capacity of the Patent & Trademark Office. The file multiple patents for goods that look to be the same item, and have bogus information in the application.
This seems to come from investors in Shenzhen who are paying individuals and company for patents being filed. This sounds like the ultimate in Patent Trolls who will parlay those filings into cash in lawsuits in the US.
This is something for the trade negotiators to take up. The Chinese like to use our legal system against us, and this filing of bogus applications is the ultimate in doing so. China is operating more like a criminal state than a legitimate trading partner. They steal technology rather than invent; they manipulate business agreements inside China to steal access to technology, and now, they start the world’s largest patent trolling operation. How do we continue to buy from these people?
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