Passage 1

We understand that none of the big global challenges we face—climate change, nuclear proliferation, terrorism, humiliating poverty—can be solved without the active engagement of a prosperous and successful China. And the embrace of the digital is as vital to China today as its decision thirty years ago to take its place in the global economy. China now has a chance to open its digital door. How is media being transformed? And how can the Chinese media take advantage of that transformation?
    Chinese media and entertainment companies have a remarkable opportunity to expand their international influence and revenues. That possibility was recognized in recent days by the Chinese government. I genuinely look forward to that competition, but I fear the ability of creative companies to prosper globally could be undermined by a lack of intellectual property protection domestically. There are impressive media companies emerging in China, but piracy will make it difficult for them to generate the profits at home.