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If forced tech transfers are a lie, why did the Chinese government take steps to make them illegal, in 2018?|
The fact of the matter is that forced tech transfers, despite now being illegal, are still quite common. In the past 24 months 30% of chemicals and petroleum companies, 28% of medical-device companies, 27% of pharmaceutical companies and 21% of automotive companies reported such transfers.
It is all "part of the cost of doing business in China", as Chinese business like to say.
pnp stated that some businesses can have 100% foreign ownership in China. Yes, this is true, however, what he is not stating is that those businesses are outside of the sphere of technology and/or government interest. For example, a pub, restaurant, or bar can be wholly owned by a non-Chinese person, without having the requirement of a Chinese business partner. A school must have a Chinese business partner because China's education sector is under the control of the government, and education benefits the government. Any business which utilizes new or emerging technologies MUST be majority run by a Chinese partner. That is the cost of these companies' doing business in China. Any and all new technology MUST be transferred to the Chinese as a "cost of doing business". Do you really think that if a foreign company came up with new tech at their Chinese plant, that they would be allowed to keep it all to themselves? You are dreaming, if you say yes, sure!