China’s rapid industrial growth in the past three decades—averaging nearly 12% per year—has fueled a surging demand for energy. China’s demand for energy continues to grow and is expected to account for a quarter of global energy consumption by 2035.
Innovation is a key determinant of the global competitiveness of American businesses. IP-intensive companies contribute substantially to U.S. output and employment and generate a large number of well-paying jobs. The innovation emanating from these companies is a key driver of sustained long-term economic growth and productivity.
Intellectual property rights and innovation are primary drivers of job creation and American economic growth. IP-intensive industries—such as life sciences, software, and aerospace—are succeeding globally, driving innovation, and investing heavily in research and development …