I think Westerners underestimate value in IP, it is extremely important and China is beginning to realize that they need to enforce protections. They have already begun to open up courts for IP.
We're all over-hyping China these days, as they get larger, they will become more like a Western country (unless they want to experience the riots of the middle class, like Turkey, Brazil, etc). I think people fail to realize that China's authoritarianism is incredibly unsustainable. As they open up their markets, country, etc., the channel of ideas and information becomes larger and much more harder to regulate. Just take a look at the comments Weibo, NetEase, etc. There are a lot eye opening anti-government comments before the sensors come in.
We're all over-hyping China these days, as they get larger, they will become more like a Western country (unless they want to experience the riots of the middle class, like Turkey, Brazil, etc). I think people fail to realize that China's authoritarianism is incredibly unsustainable. As they open up their markets, country, etc., the channel of ideas and information becomes larger and much more harder to regulate. Just take a look at the comments Weibo, NetEase, etc. There are a lot eye opening anti-government comments before the sensors come in.