I have a lot of problems feeling any sympathy for US companies who have their technology stolen by China after they have moved their plants there. I say its poetic justice and to bring back the jobs to the US.
Isn't it funny how the whole rationale for Nixon was access to the China market. And what has actually happenned is that China gained access to the America market.
The only problem is that these companies are exporting technology the Chinese can't produce because of their backward totalitarian sytem; and we give them military advantages they don't have the social evolution to handle.
Yes --- the Chinese aren't stealing the technology, they're being handed it on a silver platter, along with a whole lot else. When the greedy American companies go belly up --- so what? They didn't provide Americans any jobs --- why should anyone care?
American CEOs send US technology and trade secrets to China. Short term, they get cheaper suppliers, thus boosting profits (and CEO stock option value). Long term, the Chinese steal the trade secrets and the company suffers
But, guess what? CEO's, on average, are with a company for less than 5 years before moving on. By the time the bad stuff happens, they've already pocketed their money and are elsewhere, or retired
The China gambit is a scheme by CEOs to loot their own companies, and America's future