Posted on 02/16/2010 9:31:58 AM PST by Red in Blue PA
BEIJING (AP) -- Beijing says it wants to spur Chinese inventions with a "Buy China" policy that gives preference to domestic technology companies. But the tactic has provoked an outcry from Washington and business groups that say it will choke off access to the massive market for goods from software to clean power equipment.
Foreign companies have been alarmed by the government's announcement it will favor technology developed in China when buying computers and other goods on which it spends billions on each year. The plan, part of a decade-old effort to promote "indigenous innovation," would channel money to Chinese companies and add to pressure on foreign technology creators to shift research work to China and know-how to local partners.
The move reflects Beijing's growing assertiveness as it tries to make Chinese industry more autonomous after depending on foreign money, markets and technology for three decades to drive its economic boom.
Trade groups say it violates the spirit of China's World Trade Organization free-trade commitments and its pledges to avoid protectionism that might harm the global recovery. Washington and the European Union have complained, but Beijing retorts that it has yet to sign a treaty that would apply WTO rules to government purchasing.
(Excerpt) Read more at finance.yahoo.com ...
So when they were lost in the technological wilderness and needed the world, they were all for pushing international trade agreements. Now that they manufacture a large portion, the rest of us can suck it.
Yep, who thought they could trust commies in the first place?
What’s the problem? We have the same “Buy China” policy over here.
This has been China’s method of operation from day 1 when it opened to the world. If you want to do business with China they want your technology and expertise and it looks like they have absorbed (ie stolen) enough to kick the Barbarians out.
lol now all the business’s are having problems with the Commies go figure
The Commies don’t need them anymore they stole their secrets used them up and now are spitting them out.
Part of me would love Cisco to be taken out by the Chinese. Serves them right sleeping with the devil and enabling massive censorship and electronic spying.
LMAO, now that’s the best line of the last two decades. Good one.
It isn't that simple. The reality is, there is still a significant amount of technology witheld from China (despite all that has been transferred over so far). The Chinese know the West is abivalent about sharing everything with China. So, in order to close the gap, China needs to subsidize their industries. Of all the major trading partners, I'm willing to bet multi-nationals, backded by restrictions of the US government, withold the latest and greatest from China.
So, at this point, they have no choice but to go it alone. I'm willing to bet, that they prefer not to, but when they hit a brick wall again and again, what other options do they have? Besides, most ya'll don't have confidence in them anyway ;) So if China does put these restrictions in place, and the foreign companies pull out, they will lose any competitive advantage that they had. So, for those who don't wouldn't believe China could develop their own technology, what's the worry? ;)
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