The Chinese are beginning to tighten the noose around the necks of foreign companies.
[Reposted from Manufacturing and Technology News | Michael Wessel and Dan Slane | February 19, 2015]
For some, they have already sucked dry their IP and marketing expertise and they are no longer useful to the future plans of the Chinese Communist Party.
You see, the Chinese Communist Party never had any intention of turning over their domestic markets to foreign companies. They needed your technology, production and marketing expertise to grow their economy. Now that they have it, both legally and illegally, the party is over and the Party no longer wants or needs you anymore.
Under the guise of their recently enacted antitrust laws, they are starting to make life very difficult for foreign corporations. The law is being used to selectively control prices of foreign-made products and services and to demand outrageous concessions before approving mergers.
Their toolbox also contains selectively enforced and vague labor laws, tax regulations, indigenous innovation incentives and requirements and other measures.
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