 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
| . |  |
. |
Beijing (AFP) July 28, 2010 China's drive to develop homegrown technology was "anti-foreign and regressive" and would continue to fuel trade disputes with Washington, a US business group said in a report Wednesday. The US Chamber of Commerce report said China was abusing the allure of its vast market to push foreign companies to transfer their latest technologies to Chinese competitors. This was a "blueprint for technology theft on a scale the world has never seen before," it said. The report is the latest in a growing chorus of complaints by foreign businesses and governments over perceived unfair policies and market restrictions in the world's third-largest economy. "Indigenous innovation is a massive and complicated plan to turn the Chinese economy into a technology powerhouse by 2020 and a global leader by 2050," said the US Chamber of Commerce, one of the biggest business groups in the world. "What is worrisome for the business community is that these indigenous innovation industrial policies are headed towards triggering contentious trade disputes and inflamed political rhetoric on both sides." China launched its indigenous innovation campaign in 2006 to encourage the development of domestic technology, and thereby reduce its reliance on foreign know-how, to boost economic growth and national security. Tensions over it flared after Beijing issued rules late last year that were widely seen by foreign businesses as squeezing them out of the government's multi-billion dollar procurement market. Concerns over indigenous innovation extended to security encryption rules, domestic patent laws and preferential policies for domestic companies, the US Chamber of Commerce report said. Amid rising foreign criticism, Beijing has strongly defended its policies. Visiting German Chancellor Angela Merkel earlier this month prodded China to provide a more level playing field for German businesses here. But in a meeting with German business leaders accompanying Merkel, Premier Wen Jiabao rejected suggestions that foreign businesses were being put at a disadvantage. The requirements for technology transfer were "forcing foreign technology companies to anguish over balancing today's profits with tomorrow's survival". "The belief by foreign companies that large financial investments, the sharing of expertise and significant technology transfers would lead to an ever-opening China market is being replaced by boardroom banter that win-win in China means China wins twice," the report said.
Share This Article With Planet Earth
Related Links Global Trade News
Siemens Korea contract will save U.S. jobsWashington (UPI) Jul 27, 2010 A Siemens Energy, Inc. sale of generators to South Korea is a timely rescue package for jobs at several U.S. manufacturing units, officials said. Siemens Energy, Inc. announced it has won a gas and steam turbine-generator sale to South Korea for a plant expansion, backed by a $134.2 million long-term loan guarantee from the U.S. Export-Import Bank. The sale will open opportunitie ... read more |
|
|
| The content herein, unless otherwise known to be public domain, are Copyright 1995-2010 - SpaceDaily. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement |
del.icio.us
Digg
Reddit
YahooMyWeb
Google
Facebook
