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China has not forcefully seized foreign company's promising assets so good so it's impossible to consider for sale, by both a measly 'offer' of maybe 1/10, or l
by tfcata 6y ago
China has not forcefully seized foreign company's promising assets so good so it's impossible to consider for sale, by both a measly 'offer' of maybe 1/10, or less, of the market value and threatening from the leader, has it?
- cwhiz 6y agoThey haven’t directly done that, but what they have done is force American companies to form joint ventures with a Chinese company in order to operate in China. This requires the American company to hand over intellectual property and trade secrets. And then, amazingly, some state funded competitor comes along doing the same thing the American company wants to do. Would a Chinese company have this same problem entering America??? No. We need to treat China the exact way they treat us. The entire western world.
- yushuf 6y agoNo one is forcing companies to do joint ventures. These companies have the option to refuse and not operate in China. Are countries not allowed to impose restrictions on foreign companies?
- cwhiz 6y agoWhat is being proposed here is to treat China, and Chinese companies, the exact same way as American companies are treated in China. So, yes, countries are free to have whatever restrictions they want. But we, the western world, must not allow China to abuse our open markets while shielding their markets.
- yushuf 6y agoI have no problem with this. Though US' strength has always been insidiously entering foreign markets and forcing developing countries to be dependent on US tech (e.g India, EU, GB). The more US decouples from China in terms of tech, the more incentive you are giving China to be tech independent and thus, be free of US hegemony.
- thedracle 6y agoAnd these Chinese companies have the option of refusing to operate in the rest of the world. It sounds like you don't have a problem.
- tfcata 6y agoYou need evidence to support your claim that they are 'required' to hand over intellectual property. Joint ventures are formed based on terms and contracts, signing such contracts is a very silly move. Also, the use of 'hand over' suggests they are all the way not willing to disclose the intellectual property but were forced to, but isn't there a patent system in China? Why would these companies refuse to disclose some intellectual property and make use the legal system, just as how they did it back home?
- cwhiz 6y agohttps://www.wsj.com/articles/forced-tech-transfers-are-on-the-rise-in-china-european-firms-say-11558344240 https://www.wsj.com/articles/forced-tech-transfers-are-on-th... This isn't a new thing. It's been going on for decades. Huawei is a stolen corporation that would not exist if not for theft of technology, intellectual property, and trade secrets. It would further not exist if the Chinese market were as open as the American market and Huawei was forced to compete on a level playing field domestically.
- tfcata 6y agohttps://news.ycombinator.com/item?id=19959473 https://news.ycombinator.com/item?id=19959473 These companies are after profit, so they chose to go to China to earn that profit. And for that profit, at some point in time, they must have deemed acceptable to give up something in exchange. Isn't this what trading is all about? Now somebody regrets they shouldn't have made certain choice, so they blame it on the other government? Be an adult.
- khuey 6y agoThat's exactly what happened with Alipay.
- jimmydorry 6y agoThey sure do. They also have restrictive laws that require foreign companies to sell majority stakes to government controlled companies... or at least partner with locals that have significant stakes in your company. Even if you comply with all these regulations, you can still get booted out of the country and have all your assets and IP seized and redistributed, at the whim of their farcical of a judicial system.