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> Protectionist is a good way of describing it. The general strategy in China is to handicap foreign corporations sufficiently so that domestic competitors can
by Chaebixi 9y ago
> Protectionist is a good way of describing it. The general strategy in China is to handicap foreign corporations sufficiently so that domestic competitors can establish a foothold in the market before the network effects of foreign companies become stifling to new entrants.
They also dangle the carrot of access to their market in front of Western companies in order to encourage up-front technology and skill transfer. In the end, it's only to benefit their domestic companies as the western ones are eventually hobbled and shut out.