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China Says Foreign Firms Won't Be Forced To Turn Over Technology (vice.com)
An anonymous reader quotes a report from Bloomberg: A top Communist Party official said Friday that China won't force foreign companies to turn over technology secrets to gain market access, signaling attention to a key sticking point with U.S. President Donald Trump as he prepared to leave Beijing. The statement by Chinese Vice Premier Wang Yang, the Communist Party's No. 4 official, was made in an article published in the People's Daily newspaper under his byline. While other Chinese officials have made similar pledges in the past about foreign technology, Wang's statement stands out for the seniority of the person making it and its timing. In his article, Wang also pledged to improve the foreign investment environment and treat all companies equally. China will also increase access to its services and manufacturing sectors, wrote Wang, who was last month promoted to the country's top-decision making body, the Politburo Standing Committee.
Kind of impressive that they had the nerve to try to demand it all outright like that, though, but they'll just keep reverse engineering everything and stealing it like always.
They've already got enough of it and are now developing their own.
Ji says its ok. Communist Party official has his fingers crossed and doesn't has that authority. Surely after 2000 yrs, there are chinese characters for "fingers crossed while lying" and "double crossed", for dealing with foreigners if not everybody generally.
Interestingly, this places Wang Yang in the unenviable position of meteoric rise or cataclysmic fall within the Communist Party.
More interestingly, does this mean the Chinese were won over by Trump, or do they think this concession is a way to play him?
Happiness in intelligent people is the rarest thing I know.
Ernest Hemingway
China doesn't have to plunder anything. They are building the technologies that to a large extent we are no longer bothering to develop.
Ah.
So, you're going with "play."
Happiness in intelligent people is the rarest thing I know.
Ernest Hemingway
You've got to be pretty stupid to develop something when you can more easily take (steal) it.
Why would you steal something that has no value for you? For example, the US is rapidly losing expertise required to build nuclear reactors while China is gaining it. The same for high-speed rail.
The US still has several tricks up its sleeves: biotech and pharma research, R&D for computer software and hardware, airspace and so on. But at this point China probably is not worried that these areas give the US a crippling advantage over China.
We can just buy high-speed rail, e.g. from the French. But you can't just buy the ability to create technology on your own in a timely fashion. That takes a cultural shift. The USA was long the nation that people defected to when they defected from somewhere, which brought us many fine engineers who helped us remain technologically advanced. This tendency must be decreased of late due to our political condition, but the people who aren't coming here sure as hell aren't going to China.
If China wants to be creative, China is going to have to permit more creativity.
"You're right," Fisheye says. "I should have set it on 'whip' or 'chop.'"
The US treats scientists, engineers, and tech people very poorly. And by 'US' I mean US corporations and fatcats and by 'scientists, engineers, and tech people' I mean especially native born US citizens. The result is fewer people interested and those same corps screaming about an alleged skills shortage that they caused. (Also, what, you think all the press all at once blathering how we need more women in tech was coincidence? It's just a manufactured attempt to dilute salaries now that the H1B river is starting to recede from flood stage.)
This whole international trade globalist fiasco is a deliberately engineered race to the bottom which besides adversely affecting citizens economically will leave the US in a very bad strategic position overall. Trump is right to do what he can to stop it.
The Chinese already have all that technology obtained by other means.
I have to wonder how successful he'll be when he seems to think that this "international trade globalist fiasco" was not deliberately engineered by US corporations and fatcats, but rather by foreign corporations and fatcats pulling the wool over the eyes of domestic SJWs. By directing his followers to look for an external origin, he often seems to be attempting an ideal job of keeping people from looking while the representatives of those same corporations and fatcats remove any legal hindrance to the speed of the race to the bottom.
I've heard the fine engineers like Singapore pretty well.