we've heard witnesses, i think two years ago, we heard from nancy weinstein, nancy lifestyles open the business in beijing to have it stolen from under her. she was in shanghai. since that hearing, i probably heard from a half dozen businesses that said we don't want to go public, but this is their hot thus -- motus op operandi. now it appears. >> mr. royce, it is the motus operandi. i have to say the american companies that are induced to do that, do that of their own volition, because they hope that based on the ability to enter the marketplace, they are going to earn a lot of money. some do, some don't. >> i know that part. but the next chapter is once the technology is stolen, that company had better be prepared for a pretty quick exit out of china. because it's contracts are often about to change, it's work force doesn't show up the next morning, it's in violation of any number of new rules, it's leases are terminated, we've heard the stories over and over again. >> well, i would only suggest a legislative committee to reverse it. if they can say the products for stolen, then proh

we have heard witnesses i think two years ago, we heard from nancy weinstein, nancy's lifestyles opened a business in beijing, only to have it stolen out from under her. how she was in shanghai. that was a shanghai example. but since that hearing i have probably heard from a half-dozen businesses that said, we don't want to go public, but this is their modus operandi. now it appears in the harvard business review laying out the case that this is the modus operandi. for the chinese government. but i had your thoughts on that? >> mr. royce, it is the modus operandi. now, i have to say that american companies that are induced to do that, do that of their own volition, because they hope that based on the ability to enter the marketplace, you're going to earn a lot of money. sandhu, some don't. >> very, the next chapter is once the technology is stolen, that company had better be prepared for a pretty quick exit out of china. because its contracts are often about to change. it's workforce doesn't show up the next morning. it's in violation of any number of new rules here its leases are termi

we have heard witnesses i think two years ago, we heard from nancy weinstein, nancy's lifestyles opened a business in beijing, only to have it stolen out from under her. how she was in shanghai. that was a shanghai example. but since that hearing i have probably heard from a half-dozen businesses that said, we don't want to go public, but this is their modus operandi. now it appears in the harvard business review laying out the case that this is the modus operandi. for the chinese government. but i had your thoughts on that? >> mr. royce, it is the modus operandi. now, i have to say that american companies that are induced to do that, do that o their own volition, because they hope that based on the ability to enter the marketplace, you're going to earn a lot of money. sandhu, some don't. >> very, the next chapter is once the technology is stolen, that company had better be prepared for a pretty qick exit out of china. because its contracts are often about to change. it's workforce doesn't show up the next morning. it's in vlation of any number of new rules here its leases are terminate

we've heard witnesses two years ago we heard from nancy weinstein and only to have a business stolen from under her. that was a shanghai example, but since that hearing, i've probably heard from half dozen businesses that said we don't want to go public, but this is their modus op renne dumb. now it appears in laying out the case that this is the modus operandi. can i have your thoughts on that ? >> mr. royce, it is the modus operandi. the companies that are forced to do that of their own because they hope it produces money. some do, some don't. >> larry, larry, the next chapter is once the technology is stolen, that company had better be prepared for a pretty quick exit out of china because its contracts are about to change. it's work force doesn't show up the next morning. it's in violation of any number of new rules. it's leases are terminated. we've heard the stories over and over again. >> well, i would only suggest a legislative strategy to remedy it. >> yes. >> and that's if companies can legitimately demonstrate its products or technology was stolen. >> yeah. >> then prohibit