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China: the black hole for foreign business

2011-01-02

Although China has proven to be a sometimes worthwhile partner for manufacturing, they are so obsessed with protecting domestic business that any company wishing to make money there better watch its back. And its wallet.

From Slashdot, we have this article on the tactics the Chinese government used to import, then copy, the high-speed rail technology of companies like Siemens. They are utterly unashamed; the mission from day one was to steal foreign designs and produce them domestically, then begin to compete with foreign companies.

And a pretty smart guy who analyzes Chinese economic data thinks that their internal markets are about to collapse.

The short version: If you try and sell in China, they’ll steal your designs, and then won’t buy anything 😦

 

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