Monday, August 27, 2012

What's Wrong With Chinese Businesses?

Okay, let me ask you if you're in favor of Chinese companies moving into America? After all, we seem to have been sending our companies to China, why not let them send theirs here, right? Well there's a couple of differences. First, when we send a company to China, they demand that we also send our technology with the company. When they send theirs here you have to wonder if they see it as an opportunity for a little espionage on the side. Sorta like ordering a steak with a side of pasta. Well, Huawei, and ZTE, both telecommunications companies are being investigated by the House Intelligence Committee, Committee on Foreign Investments and the Treasury Dept, at least. They're trying to buy several companies and patents and they're spending nearly a million on lobbying. Lobbying? Now it's not unusual for a large company to lobby. Even a foreign company. But these are potentially bad players. The owner and founder of Huawei was in the military. He quit to start this company. Now it's pretty well known that China is "the world's biggest perpetrator of economic espionage" according to intelligence people as reported by Bloomberg News in today's NY Times. These companies and folks who see things their way say that they want to be global players. That means lots of countries. But to do so, they have to be big Americans players. But do they want to be big global espionage players of just business players? The only thing with China is that it wants to be a big player in its own national companies, both public and private. Does that mean they also want to be big players in lots of countries business? You know what I think. But what do you think?

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