On May 22, the US Commission on the Theft of American Intellectual Property released a report on intellectual property theft. This non-partisan document singled out China as the predominant source of IP theft, estimating 50-80% of US IP theft originates from China. According to the authors of the report, Chinese national industrial policy encourages IP theft and an extremely high number of business and government organizations engage in this offense. The report estimates that IP theft costs the United States $300 billion a year.