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Alibaba Co-founder Says Many Americans 'Want To Stop China' From Upgrading Its Tech (cnbc.com)
With the threat of Trump's ever-looming trade war with China and his administration's sanctions on Chinese companies like ZTE, it's hard to remember a more contentious period between the two countries in recent times. Adding fuel to the conversation, an Alibaba co-founder alleged that many Americans want to stop China from upgrading its technology and from becoming more innovative. From a report: Chinese media outlets have repeatedly asserted that American complaints about the tech sector are really just efforts to slow the country's rise as a global power. "There's nothing wrong with a country wanting to upgrade its own manufacturing sector, go higher tech, be more innovative," Tsai said. "But then, from the Chinese perspective, what we're seeing is there are a lot of people in America that want to stop China from doing that." After three decades of producing low-end manufacturing goods, Tsai said, China recognizes the need to develop better technology, upgrade its manufacturing sector and focus more on value-added areas like robotics, aeronautics and high-tech medical equipment.
American companies prefer to not have their IP stolen by foreign companies. Also, don't start with something as silly and foolish as: "it's hard to remember a more contentious period between the two countries in recent times". Really? Is it that hard to remember more contentious countries? Let me get you started: https://en.wikipedia.org/wiki/...
China continues to require that nearly all companies that operate in CHina to have 51% chinese ownership (though cars are now exempted, though they will still pay high tariffs). Likewise, the companies will be required to turn over IP to Chinese owners.
And yet, this is America's fault for a western company wanting to keep their IP, while Chinese companies will sue for theft of their IP.
Yeah, totally makes sense.
Now, if Trump would just do his GD job or at least keep a few of his promises esp for dealing with CHina.
I prefer the "u" in honour as it seems to be missing these days.
There is stealing tech like you described, and stealing tech like China is doing it.
Industrial espionage is basically the acceptable form of doing it. If you can slip someone into the company, sneak up to the golden goose, and get out, that's a corporate success story. Alternatively if you can hire away their workers, or if you can reverse engineer technology, those are also generally acceptable. The goods are still protected by assorted laws, but if you can sneak some information out that's generally accepted.
China's form is a mandate that every company doing business turns over the golden goose outright. If you want to do business in China you must turn over the technology, and you must pass along ownership to a mandatory Chinese business partner. Many times the mandated business partner takes the IP and makes their own products from it. They aren't adapting it, nor growing from it, nor trying to integrate it into their own. The law requires corporations give up their secrets, then those secrets are directly used against the corporation.
//TODO: Think of witty sig statement