How is Boeing selling out? Are they free to build planes and sell them or not?
Check out Crichton's book
Airframe. Deals like this involve
big time transfer of
technology and
jobs. We need to wait and see
the "little" details.
From GE News Release
GE Power Systems has been working with Chinese suppliers to localize gas turbine manufacturing capabilities and to expand sourcing volume to serve its global customers. Its purchase of components and parts from Chinese suppliers exceeded USD 70 million in 2001 and the number is growing.
GE signed a deal with China that they build a plant in China and give them the technology. This is what Boeing is doing. We are giving away all of our tecnology. The freetraders do not care if the US is the worlds technology leader. As long as they can buy a $10 DVD player they are happy.
US worker of the future:
Paper or plastic?
Do you want fries with that?
Can I sue you?
When does my welfare check come?
I am proud to work for the government.
I will give you a sponge bath and dinner after your free surgery Mr. Illegal Immigrant.
I agree. I'm probably harder than anybody on this site re: looking out for China as it relates to arms exports, tech transfers, and their obstinate cheating on WTO rules, but I don't see a big problem here.
I don't see any tech transfer that is going to hurt us...so far only the rudders will be built in China I believe.
We can't expect our aerospace industries to not compete in the Chinese market. This is a big boost for the airline industry and it's not like we are giving them MIRV or stealth avionics.