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> Foreign manufacturers who enjoyed growth and profits from China through joint ventures for decades have seen those collapse, as GM’s write-down illustrates Y
by wumeow 2y ago
> Foreign manufacturers who enjoyed growth and profits from China through joint ventures for decades have seen those collapse, as GM’s write-down illustrates
Yep, they got swindled by China, their IP and technology appropriated by domestic firms.
- johng 2y agoEven if they hadn't moved to China, their IP would have been stolen. China has been openly stealing IP and trade secrets for decades. Pretty much without any major repercussions either.