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Jay Carney

The Chinese regime is getting into the patent trolling business, having set up a company that will start suing American companies for patent fraud. Experts believe the new Chinese company, which the regime seeded with $50 billion in fluff patents, could be detrimental to American innovation.

Image: White House press secretaryJay Carney holds up a folder with an image of a troll and the words "innovation, not litigation" during the daily press briefing at the White House in Washington, Tuesday, June 4, 2013. Efforts to reform U.S. patent law are likely to be revived during the next U.S. administration, given the efforts by a new Chinese-state-funded company to make money off U.S. patents though questionable lawsuits. (AP Photo/Evan Vucci)