Monday, November 15, 2010

Comac C919

http://articles.latimes.com/2010/nov/13/business/la-fi-china-jetliner-20101113

Outsource to China. Teach them all your trade secrets. Then watch them steal all your ideas and club you over the head while keeping 100% of the money for themselves.

"But China isn't content just to buy sophisticated gear for the C919; the government has required foreign suppliers to set up joint ventures with Chinese companies."

"After sharing technology and expertise to help China develop a network of gleaming bullet trains, Japanese and European rail firms now find themselves competing with their former Chinese joint-venture partners for new contracts, both inside and outside China."

Short term gain for long term extinction.

"the Chinese government has no intention of ceding all of that future business to foreign aircraft makers." (Protectionism)

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