Reminds me of the TransRapid story.
https://www.dw.com/en/china-masters-german-train-technology-...
How Chinese Officials Hijacked My Company
61–70 of 266 posts
Re: How Chinese Officials Hijacked My Company
#62The article gives several possible ways to improve the situation. However, one critical way is missing imho: China forces foreign investment to always come in the form of a joint venture with a Chinese company. This practice needs to be forbidden or heavily penalized in all future trade agreements and similar international contracts.
Or reciprocated. Chinese citizens have invested a ton in US businesses, which is sort of okay. They also bought a ton of land in the US, which led to skyrocketing housing prices, and in the long term, if it continues unabated, will lead to the US paying tribute to China in the form of rents on US land. There is no upside to this. We got cheap Chinese plastic trinkets. They got our real estate. Didn't we do this to th…
Rich chinese buying real estate in the United Stats has detrimental effect on the poor and the middle class, and our economy in general, leading to ossification.
Re: How Chinese Officials Hijacked My Company
#63Not really off tangent: I won't be surprised if this attracts lots of comments along the lines "US/ WESTERN COUNTRIES did this before too and therefore no better than China". I just can't understand why when it comes to geopolitics, HN just can't keep the discussion related to the submission? Somehow US/ western countries have to enter the discussion as a bad benchmark...
[flagged]
Wumao.
Re: How Chinese Officials Hijacked My Company
#64There are two sides of the story, there is a Chinese version saying that there are a lots of frauds here.
Car making is a capital burning business, you just can not do it without the wealth like elon musk.
It's kind of a venture investment here, there were so many car investment in the past few years, when there were investment bubbles, but now, the bubble is gone.
Re: How Chinese Officials Hijacked My Company
#65It seems that Mr. Saleen has suffered the same fate that my electric car company suffered in 2010. After promising us a partnership, his only intention was to obtain the technology and the secrets, at that time one of the few complete EV powertrains on the market. As soon as the contracts were signed and the technology was evaluated, two separate companies were set up based on the same technology.I have to say that t…
>A final example is how they have multiplied the price of masks during the COVID-19 period
This is despicable, shame on China companies that copied the american values of greed and increasing prices of medicine (like insulin) or auctioning PPE materials.
Re: How Chinese Officials Hijacked My Company
#66Earlier quoted context omitted.
>I can't see an answer outside of decoupling Maybe stop relying on IP as your business strategy ? Always be innovating so that you always be one step ahead those who copying.
How do you out-innovate a country which has less regulation, more intrusive surveillance, more factories ready to churn out whatever you invent, more workers (and Uighur slaves) ready to do the labour for less, and no qualms about stealing anything and everything you come up with and copying it at a scale you can't possibly match?
One option is to enforce some standards for trade - no slave labor, limit number of hours worked, environment protections etc. Thus way we all are playing by the same rules. This won’t be easy to implement - most western democracies can be corrupted by money and influence and CCP can easily buy with money.
Re: How Chinese Officials Hijacked My Company
#67Re: How Chinese Officials Hijacked My Company
#68The article gives several possible ways to improve the situation. However, one critical way is missing imho: China forces foreign investment to always come in the form of a joint venture with a Chinese company. This practice needs to be forbidden or heavily penalized in all future trade agreements and similar international contracts.
Flip the script: we may want this sort of thing to be happening more, not less, on a global scale. When we want to help developing countries, this is one of the most effective ways to do so. We should just be smart and restrict this to more-values-aligned, more-development-left-to-do countries like India, Rwanda, etc.
Re: How Chinese Officials Hijacked My Company
#69It seems that Mr. Saleen has suffered the same fate that my electric car company suffered in 2010. After promising us a partnership, his only intention was to obtain the technology and the secrets, at that time one of the few complete EV powertrains on the market. As soon as the contracts were signed and the technology was evaluated, two separate companies were set up based on the same technology.I have to say that t…
How is this downvoted to oblivion 5 minutes after posting?
The same happened with my comment yesterday, but I refrained from complaining, later I got some upvotes. As of my last 10 year experience on HN, the average HN crowd I know will just read such comments and slide to next one.