It's not like this should be a surprise to anyone. This is literally what China's been saying officially for years. Since WTO membership back in 2001. What we're seeing now is what happens when...
Chinese authorities referred questions to a paper issued on Monday by the State Council, China’s cabinet, that says: “American companies in China have received huge returns through technology transfer and licensing, and are the biggest beneficiaries of technical cooperation” and that U.S. companies enter partnerships voluntarily.
“China’s offer to the world has been straightforward,” says a policy maker in Beijing. “Foreign companies are allowed to access China’s markets but they would need to contribute something in return: their technology.”
U.S. companies have gone into China with eyes wide open, for the most part, and many are wary of going public with complaints. American companies initially brought the idea of joint ventures to China as a way to get access to a market of 1.4 billion people and tap a low-cost workforce. The bargain included helping Chinese firms become more technologically advanced.
It's not like this should be a surprise to anyone. This is literally what China's been saying officially for years. Since WTO membership back in 2001.
What we're seeing now is what happens when you declare a trade war with your biggest trading party and have the audacity to say something crazy, like suggesting that any trade deficit is you being cheated, but simultaneously not trying to do anything about your equally "unfair" trade surpluses.
When you don't wanna play nice in world trade, soft power meets hard power. Isolationism kills tech,, where everything is a global market.
It's not like this should be a surprise to anyone. This is literally what China's been saying officially for years. Since WTO membership back in 2001.
What we're seeing now is what happens when you declare a trade war with your biggest trading party and have the audacity to say something crazy, like suggesting that any trade deficit is you being cheated, but simultaneously not trying to do anything about your equally "unfair" trade surpluses.
When you don't wanna play nice in world trade, soft power meets hard power. Isolationism kills tech,, where everything is a global market.
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