Businesses forced to hand over technology, accept Chinese

Foreign companies are required to partner with Chinese businesses, and the split must be 50-50.

Businesses forced to hand over technology and accept Chinese partners

Wednesday, August 18, 2010
By He Qinglian

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BETTING ON CHINA: Jeffrey Immelt, chairman and CEO of General Electric, appears on a panel at the Clinton Global Initiative (CGI) on Sept. 24, 2009, in New York City. GE under Immelt's leadership has made a large investment in its China operations. (Mario Tama/Getty Images)

Foreign businessmen in today’s China live in fear. Other businesses smugly observed and waited out the face-off between Google and the Chinese regime, assuming Google had overestimated its clout.

If Western businessmen were smirking at Google’s predicament, the publication of the Chinese regime’s “Several Opinions of the State Council on Further Doing a Good Job in the Utilization of Foreign Investmentâ€

Play with a snake and you'll get bit by that snake.

I deal with a Taiwan company that also has a factory in China. They always complain about how the Chinese government is always changing regulations and taxes at the drop of a hat, basically they want to drive out foreign owned companies in favor of Chinese owned ones, now that the foreign companies are no longer usedful to China which has already taken their technology and investment money.