US claims China piracy costs it billions US

ITC said it lost $48 billion in 2009
The report was created at the request of the US Senate Finance Committee and it is designed to give President Obama ammunition to press Beijing for better protections. More than $26 billion of the losses came from the information and service sector and more than $18 billion came from the high-tech and heavy manufacturing sector in addition to billions more from other sectors, the report said.
Senate Finance Committee Chairman Max Baucus said China has failed to protect and enforce American intellectual property rights, and it continues to discriminate unfairly against American businesses. The figures show that there are real consequences to these violations when these numbers show that millions of American jobs are on the line.