GE Venture Will Share Jet Technology With China
vbraga writes "This week, during the visit of Chinese president Hu Jintao to the United States, GE plans to sign a joint-venture agreement in commercial aviation that shows the tricky risk-and-reward calculations American corporations must increasingly make in their pursuit of lucrative markets in China. GE, in partnership with a state-owned Chinese company, will be sharing its most sophisticated airplane electronics (NYT reg. required, reg.-free alternative here), including some of the same technology used in Boeing's new state-of-the-art 787 Dreamliner."
Those who do not learn history are doomed to repeat it... see: software piracy, high speed trains, stealth fighters, aircraft carriers. Up next: commercial aircraft!
Yep. This is how the Chinese have been doing their technology transfer without needing to pay billions in R&D themselves.
They go to a company and tell them that they'd like to build some nuclear reactors or high speed trains or something. The deal they make always goes like:
1) We'll buy the first two nuclear plants.
2) The next two you build using our people.
3) The ones thereafter you give us the plans to build, and we'll do it all ourselves, and pay you a royalty.
Now China has the plans to the AP1000, one of the most modern nuclear plants being built today, as well as a trained workforce in building it, all without having to do any of the R&D work themselves, or pay much more than just the cost of a couple plants (which they get to use anyway).
It's a very clever idea, and companies are all falling over themselves to give away their best technologies to China, since they're so eager for short-term profits, they don't realize they're shooting themselves in the foot, long term.
Perhaps we might start demanding that every Chinese company wanting access to American markets must locate offices here, staff them with US workers, and share their technology in turn. We did that with the Japanese...
"The Capitalists will sell us the rope with which we will hang them." -- Vladimir Ilyich Lenin
I don't care if it's 90,000 hectares. That lake was not my doing.