No more trade secrets, so companies like ASML that have a physical presence with their know-how in China are now also legally screwed? Any of their chip making device can now be legally reverse-engineered, starting January 1st? Any produced wafer, chip design, IC, whatever is currently in China, can now legally be taken from your company and used by your competitors? Sounds like a good time to move out of China, as otherwise you will have government-backed competitors with your tech in 1-2 years.