GE has entered a
quid pro quo joint venture with a Chinese state-owned company, that will allow GE to sell parts in China, but at the same time forced to give up its intellectual property of sorts. I call it a Pyhrric victory, because it ultimately makes GE vulnerable in the long term, for short term gain.
So why not turn this whole Chinese-mandate around on its head, and require any foreign firm that wishes to sell products in the US, to manufacture 50% of its goods in the US? I'm calling it the American Global Cooperation with Good Neighbors agreement.
No comments:
Post a Comment