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China successfully competed by insisting on a framework of "forced technology transfer" and joint venture requirements. To access the Chinese market, US firms w
by lenkite 3mo ago
China successfully competed by insisting on a framework of "forced technology transfer" and joint venture requirements. To access the Chinese market, US firms were nearly always required to share proprietary technology and intellectual property with local Chinese partners.
Also, do recall the "Great Firewall". And kindly remember that Social Media, Communications, Search & Information, News Outlets, etc were all banned.
All this protected domestic innovation and the domestic market.
Good for China - this is what all nations trading with the US should have done to avoid extreme US monopoly and influence. China is the nation smiling while the boots of the American Big Bully and Bigger American Oligarchs have become rather tiresome.