This is a joke!, page-108

First we have to look at the meaning of: "theft of intellectual property".

It is the cornerstone of innovation and economic growth. The thieves of intellectual property are hailed as great innovators and entrepreneurs.
Huge number of start-up business are exactly that.
For example:
5 Telstra employees with 100 years of experience and knowledge with technology, processes, business side etc. They learned while working for Telstra.
They decide to quit their job and start their own company and call it TBG.
Years down the track, they grow and become challenger to Telstra.
Now that's how competition, innovation and economic growth is driven.
Aka: "theft of intellectual knowledge"

China is forcing foreign companies to share technology in exchange for access to it's market.
Meaning Telstra can't just come to China, bring low tech jobs and take over China market.
They have to bring high tech jobs and operations to. Which means Chinese workers can and do the same thing that those 5 ex Telstra workwrs did.
Create a company that becomes competitor to their ex employment.

When Trump speaks of losses due to theft of intellectual property, he means that TBG wasn't started up in USA, which would be fine. But in China, which isn't just another USA Google that took the throne under Yahoo's ass.

I think you are mistaken if you think China will just put the tail between it's legs and go back to being cheap labor for Western companies.