On Thursday, Donald Trump will walk into the Great Hall of the People in Beijing, shake Xi Jinping's hand, and declare it a great meeting. There will be announcements. There will be numbers — billions of dollars in Chinese purchase commitments, a new bilateral mechanism with an important-sounding name, possibly a joint statement on Iran. Trump will post on Truth Social. Markets will rally briefly. Pundits will argue about who won. None of that will tell you what actually happened. What is actually happening in Beijing this week is something more consequential and more uncomfortable than the summit theatre will reveal: two leaders of two deeply mutually dependent superpowers, both of whom need this meeting to succeed for entirely different reasons, sitting across a table in a world that has already moved past the assumptions that defined their last nine months of negotiations. The Iran war changed the equations. The rare earth gambit changed the power balance. Taiwan is sitting in...
Microsoft's Steve Ballmer said that they will stay in China. To see Steve Ballmer talk about it please click the video link here.
However, his hopes for China to produce growing revenue for the company seem to hinge on a thorny issue: a reduction of piracy and intellectual-property theft.
"China ought to be a source of growth," Ballmer said. "Intellectual-property protection in China is very, very bad. Abysmal. ... We're buying a lot of goods from China but the things that U.S. companies can sell -- pharmaceutical products, media, software -- it's all intellectual property and design, and that stuff's not getting paid for in China. It's got to change."
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However, his hopes for China to produce growing revenue for the company seem to hinge on a thorny issue: a reduction of piracy and intellectual-property theft.
"China ought to be a source of growth," Ballmer said. "Intellectual-property protection in China is very, very bad. Abysmal. ... We're buying a lot of goods from China but the things that U.S. companies can sell -- pharmaceutical products, media, software -- it's all intellectual property and design, and that stuff's not getting paid for in China. It's got to change."
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CEO Steve Ballmer told CNBC that his company will look into a report that a flaw in Microsoft's Internet software allowed China to launch a cyber attack on Google's operations in that country.
Ballmer was responding to a report by the Internet security company McAfee that Microsoft's Internet Explorer allowed China to allegedly hack into Google email in an attempt to spy on Chinese dissidents. The alleged attack prompted Google to threaten to pull out of the country entirely. "The cyber attacks and occasional vulnerabilities are a way of life and if the issue is with us, of course we will work through it with all the important parties," Ballmer said in a live interview. "We need to take a all cyber attacks, not just this one seriously and we have a whole team of people that responds very real-time to any report that may have something to do with our software, which we don't yet."
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