181–190 of 266 posts
Not 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...
Earlier quoted context omitted.
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…
Here in Australia, it's a giant issue too. There are plenty of houses which are Chinese-owned but unoccupied. They are effectively "banks" for storing cash. The scale is shocking, our "foreign ownership" figures for real estate are entirely skewed to this one country.
The 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.
Apple, Tesla and numerous other US companies are 100% foreign entity in China.
For hybrid, the usual cases are that they want to get government subsidies or special tax incentives.
Yes
"I would bring experience, design, engineering and related technologies developed over my 40-year career in the automotive industry building race cars and high-performance street cars. My contributions to the deal were valued at $800 million"
Yeah. Sure. And then the ferry tale starts...
(I live in China and work with some VC guys)
" the joint venture applied for 510 Chinese patents for my designs, technologies, trade secrets and engineering developments. Most of the patent filings didn’t even list me as the inventor. "
Yeh. Sure. I may believe this number since patents applied for/issued it is a metric for Chinese companies based on government requirements. 1 Person? 500 Patents? be assured that most of it are bullshit patents.
The 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.
This happen to be a well-reported news on the Chinese internet where I was able to find more details. And the author's own claims are dubious and sketchy. It was never a three way deal, he may have deals with a Chinese company that owns share. That maybe why he said it's a threeway deal, but it's two two-way deals. He never made any deal with Chinese officials, but another Chinese business owner who made the deal wit…
I will believe him over PRC propaganda any time.
The scale of their IP theft is incredible. The CFO survey said it is happening to 1 in 5 US corporations, which is incredible if you think about it - but the trouble is the scale is larger than that, when you include what they steal via surveillance too. I can't see an answer outside of decoupling, seeing as they're set on their path and proud of it. https://www.cnbc.com/2019/02/28/1-in-5-companies-say-china-s...
How come the Feds will prosecute bribery form foreign officials, but not the CEO or COO allowing corporate property to be stolen?
There 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.
I've read in a paper somewhere that a big part of why Chinese auto manufacturers aren't as successful as Japanese or Korean ones is because they're too tied to the local government to fail. Each province in China has their own local auto company connected to the provincial government, resulting in a lot of duplicated effort and inefficiency. Japan and Korea had a lot of indigenous auto makers when they first started…
intellectual property is conceptually corrupt. at the very least we should be honest and admit that it's all about being continuously paid for things we already finished doing (sometimes even generations ago). but I am pretty sure that it will have to get worse, far worse, so bad that a Kafka seems tame before people get convinced that ownership over language is stupid.
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Some strategy I can think of: be the first to market, market yourself as the original creator, constant innovating, other people can copy but they can't control the updates and product roadmap, and you have the advantage of intimate knowledge of the product. Another strategy is to create personalized custom solution. This would be hard to copy, unless you can copy the creator brain.
No one cares if you're the original if someone is offering the product for half the price because they paid $0 for R&D. This is a really pathetic viewpoint to hold and I wonder if you actually live your life by these standards.
People need to think of it this way: there are people who will kill you for the cash in your wallet.