Do You Believe It? Chinese Say That Fears Of Cutting-Edge Technology Theft Are Overblown

Do You Believe It? Chinese Say That Fears Of Cutting-Edge Technology Theft Are Overblown
Foreign car makers in China including General Motors Co and Toyota Motor Corp last year thought they had scored a victory over Beijing's efforts to strong-arm them into sharing cutting-edge electric car technology.

But that could prove compromised as leading Chinese auto parts firm Wanxiang Group Corp's $465 million investment in A123 Systems Inc, a struggling U.S. maker of lithium-ion batteries, may help China unlock the secrets to critical and advanced green-car technologies.



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HughJassHughJass - 8/17/2012 12:46:33 PM
+1 Boost
Yup, they're the little innocent people who only want to give us cheap crap and good food. They have absolutely no intention of taking over the world. Don't let investments and technology theft in strategic industries worry you. Now go back to the football game on that big flatscreen tv stupid American while I flow a load in your daughters face.


vdivvdiv - 8/17/2012 2:45:06 PM
+2 Boost
If China is intent on stealing the technologies they will have them. Instead in this case China is obtaining them legitimately and supporting their further development by investing hundreds of millions.

Compare the $465 million investment in A123 to Ford's measly $135 million investment in their own newly renamed Advanced Electrification Center:
http://media.ford.com/article_display.cfm?article_id=36925


HughJassHughJass - 8/17/2012 3:07:18 PM
+2 Boost
But chances are that investment came straight from the communist party coffers. Ford didn't take a bailout so their investement is all theirs.

No company can compete against a government, especially the Asian ones who will lose money for as long as it takes until the competition is bankrupt.


vdivvdiv - 8/17/2012 3:44:52 PM
+2 Boost
Isn't it a bit strange that the communist coffers appear full, whereas the capitalist ones have nothing but spiderwebs and shadows?


dlindlin - 8/17/2012 3:52:34 PM
+1 Boost
Look at invasion of Samsung and Hyudai. I guess American likes to let big one go and hunt down small one.


HughJassHughJass - 8/17/2012 8:51:22 PM
+1 Boost
Actually, you should read the real news more than this Hyunai propaganda website.

Chinese banks are seeing loan defaults go up 30% every month. Exports are slow, more and more empty cities are going online and now the Chinese are resorting to plastic surgery to give them an edge in a weakening job market.

The communist coffers are full of "promise to pay" while capitalist coffers are full of cash from products already bought, sold and paid for.
England and Japan are running debts at or over 100% and they seem to be doing just fine while the communists are crapping themselves worrying their gov't could fall at any moment.

Try reading Bloomberg, Economist, CNN, BBC, China Daily (even they can't hide the truth all the time) and you'll get a more realistic view of the world. Even Korean exports are near free falling, they can't give away tvs at the moment.


MBCLS07MBCLS07 - 8/18/2012 4:40:35 PM
+1 Boost

China has no intention of stealing cutting-edge western technology.
Iran is developing nuclear power exclusively for peaceful energy production.
Obamacare will be "deficit-neutral" and will not force rationing of care.

If you believe any of these things, you are a fool.



HughJassHughJass - 8/18/2012 7:03:29 PM
+1 Boost
Hey China, if they're dirt cheap at Wamart, I'll take 5 because I'm a dumbass and cheap American consumer, asbestos or no asbestos. Hyuk, hyuk.
http://blogs.wsj.com/chinarealtime/2012/08/17/chinese-asbestos-in-australia-blame-quality-fade/

Badgewhore,
There's a difference in going (show some solidarity as the big 3) and not taking a bailout (window shopping).

Ford may have had troubles in the past but their financially sound now. The Korean companies get bailouts every year in the form of cheap gov't loans and domestic market protections. I'm surprised the new FTA allows us to sell cars in S.Korea. Ask the Europeans how trade with S.Korea is, the sales imbalance is something crazy like 400,000 cars to Europe, 20,000 back to S.Korea.


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