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Tacky tacky and we keep threatening that China just -- -- more to our former ambassador there says -- -- no more being mr.
nice guy you that made me.
Maybe we act back.
To Jon Huntsman junior who are happy to have -- governor it it really comes down to just sort of fighting fire with fire but how are and how hot -- the flames get.
Well they'll it's a pleasure to be with chip and -- -- let's just face the facts I -- by doing nothing which basically has been our our mode for the last twenty years.
Here's what -- here's what we're paying as a nation.
It's a problem each year roughly equal to the level of trade to the Asia Pacific region roughly 300 billion dollars.
So if you have a -- when presented that what is that attributed.
It is -- film the lost intellectual proper -- of that and its intellectual property so if you stop does conclude.
That the secret sauce of our success in the United States.
Really are the ideas of our people which lead to innovation.
Commercial expansion in the creation of jobs that for us in terms of the level of injury is 300 billion dollars per year or put another way.
If China India Russia and others had a level of respect for intellectual property is we have here in the United States.
We won't would've added about two point one million more jobs -- workforce.
So what's a substantial problem and we have a choice to make in this country we can either keep sort of managing the status quo for the next ten or twenty years until China -- of tries to get their act together and I'm not even sure what happened then or we can actually begin to build muscle around this is it as a problem and do something about it but is overlooked.
-- edges of -- -- just say you know China.
We can do this too we ought not to sort of like a good superhero I guess but we can get on that level but then that's a slippery slope itself hasn't.
Well it is a slippery slope and I think it's better.
Two to create our regime and we put out a report I.
A private debt commission with some of the best leaders in the private sector and other realms of life from national security at a higher education we spent a whole -- looking at this collecting the best stayed intact and all the experts.
And that there are some things we ought to be doing and we -- -- make cyber theft hurt.
For those who were or -- leaders and and that hurt should mean denying people access to the US market companies that are behind it.
Perhaps a strengthening the I TC 337.
Border seizure laws so that we can actually begin to seize more aggressively.
You have those so -- always uneasy about our country -- czars are the words on defense of the times or because they don't so much of our dad and and now you know that we can now -- -- -- Van Jones Japan I'm curious to know a lot of countries and Palin and hide reviewed there's no reason to be.
On defense when you can be arguably said that China needs us just as much of not more than about where we need them but we don't play that way.
This puts us on this but you -- considered offensive mode.
And if so what does China want over the next many years you know like the last twenty years -- wanted to exported to the largest market in the world the US market.
For the next 220 years are gonna -- would invest in the US market and I say.
We gotta have some sort of restrictions against though those companies that have been behind -- support of of intellectual property theft.
There are ways to do that there are ways with the securities and exchange commission for example to -- companies that.
Why go public everybody wants to go public and -- marketplace to use that as a criteria.
There ought to be a way to look at the city -- review process that today is restricted to only national security concerns for mergers and acquisitions.
To add IP theft as a -- -- remembered they'll never react to that unless we follow up -- that in there.
You know it's just pointed out our company's tentative deal offended let's say they get into their citizens the Chinese and steal stuff and acts up and and cause a mass.
I talked to one high -- -- -- -- long ago governors said.
If he had the tit for tat.
Ability any doubt he could he could respond in kind since is nothing I want over the there's nothing I need -- there's no there's no secret I want to -- over there because.
Everything they're getting their prompting so there's no upside for me to try to -- back so to -- Getting negative Neal -- getting in a -- for tit for tat scenario is is a lose lose proposition longer term.
You want to change the behavior you want to change the command and control which is coordinated effort with the government the party and and some milk military aspects as well.
State owned enterprises that basically -- able to work with government and getting information.
And that's the behavior you want -- change and the only way to get attention at all -- there.
Governor and -- as it is good all that fails.
We fight fire with fire.
-- well listen go go to read the report and there's a chapter fourteen and our report.
That really is the fight fire with fire that's a gentle and did you get him out that's -- life because it went right in my New York Post dinner had then that that that.
-- that's a great headline that's a great TV program but in the actual world of diplomacy and economic she got to -- incrementally -- -- I don't think you can start a very -- absolutely governor and former ambassador -- -- hole and I pulled it out there and -- I have leverage of the game if you don't have -- getting done -- this is where either you.
-- Donovan being an Italian like me and just making that be opening salvo.
And then see what happens but governor it has been I don't comments on that but thanks anyway it's been a pleasure having you served great they would be well you.
Jon Huntsman junior.
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