U.S. Firms, China Are Locked in Major War Over Technology
A titanic battle is under way between U.S. business and China, a battle reflected in President Barack Obama’s State of the Union address last week and destined to dominate relations between the two countries for years.
The issue at hand is innovation. China’s bureaucrats have been rolling out an array of interlocking regulations and state spending aimed at making their country a global technology powerhouse by 2020.
The new initiatives—shaped by rising nationalism and a belief that foreign companies unfairly dominate key technologies—range from big investments in national industries to patent laws that favor Chinese companies and mandates that essentially require foreign companies to transfer technology to China if they hope to sell in that market.
To hear U.S. business executives describe it, Beijing’s mammoth new industrial policy is like the Borg in “Star Trek”—an enormous organic machine assimilating everything in its path, in this case the inventions of other nations. Notably, China’s road map, which is enshrined in the “National Medium- and Long-Term Plan for the Development of Science and Technology (2006-2020),” talks in those terms. China will build its dominance by “enhancing original innovation through co-innovation and re-innovation based on the assimilation of imported technologies.”
“It’s a huge, long-term strategic issue,” says a top executive at a U.S. technology firm operating in China. “It isn’t just the crisis of the day for U.S. business. It’s the crisis.”
There are many wonderful innovative companies in the USA like Apple, IBM, and GE. It is a known fact that American Corporations spend far less money on innovation than that of other countries like China. Who’s fault is that? You can lead a horse to water but you can’t make him drink.
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Tell me if I am wrong but wasn’t it the Clinton Administration that had the brilliant idea of sending China a super computer?
Of course they are going to enhance original innovation through co-innovation and re-innovation based on the assimilation of imported technologies. These inventions are being sent over to them as gifts. What would you do?
Playing the victim card is getting real old! Also that isn’t what inspires people. Instead find a way to kick ass. Success is the best revenge. Follow the philosophy that made them successful and improve on it.
We have consulting firms in America that specialize in innovation. Hire them to take your company to the next level! It is basically do or die. Crying over spilled milk and pointing the finger is COUNTERPRODUCTIVE.
“China’s Drive for ‘Indigenous Innovation’: A Web of Industrial Policies” (http://www.uschamber.com/reports/chinas-drive-indigenous-innovation-web-industrial-policies), maps the complex set of new initiatives that foreign companies face. The report received media attention when it was published last summer and then gathered steam over subsequent months, becoming a talking point in corporate and government offices globally in advance of recent negotiations with China.
“It’s an outstanding piece of work,” says Charlene Barshefsky, the top US trade negotiator in the Clinton administration. “It provided policy makers a far better understanding of China’s policies than ever before.”
We have the copy. Improve on it. That is called improving on existing policy rather than reinventing the wheel. As you can see, most of the work is already done.
I have listed and continue to list so many free and discounted workshops on my blog. Judging from the number of reads, not enough people are participating.
Check it out. Do a search under Business, Ideas, Innovation, Entrepreneurship, Worshops and Forums. The fact is that so many of them are free of charge. What more can you ask for?
I suppose the question here is:
Do we need China more than China needs us?
What do you think? I would love to know.