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As a result, it has been estimated that 90% of Chinese government offices practice piracy and that 96% of Chinese software is counterfeit. These problems plague both Chinese and U.S. companies.
In the late 1970s, China recognized that it needed to protect intellectual property in order to attract foreign investment. Accordingly, China began passing comprehensive intellectual property laws in the 1980s. However, despite passing numerous laws to protect intellectual property, enforcement efforts were often lax. For example, when Chinese authorities found 650,000 unauthorized Microsoft holograms in 1992, Chinese courts imposed a $260 fine...
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