Very interesting content otherwise, I remember the seal issue being something very controversial too when other companies went there (I believe it was regarding Intel, that was maybe 15 years ago). To this day it still is a pretty prevalent issue when doing local branches in China.
What are the evidence of this? Other than him being self interested and commit misconduct.
There is the loophole for "representing interests of a foreign principal before US government officials" though, so I guess this is written broadly enough to snag anyone who may step on some toes.
The author clearly suggests this American CEO is a "loyal CCP" agent. I am just curious how did she/he spot him?
Yes, CCP bad.
Guantanamo is an embarrassment but it isn't even close to the Xinjiang camps
That's not nearly as bad as the 16 billion Uighurs the Chinese have in camps right now.
Just say you don't care. The most unbearing thing for us is that you claim to care while brutalizing and fetishizing others to justify your own crusade.
You are correct. I don't find that in any way to be a compelling argument.
You've probably already thought of multiple excuses, because you've been conditioned not to think of immigrants in concentration camps as people.
For those of us not familiar with Chinese business practices, is this an actual seal? Like someone would use to frank documents, or squish into hot wax to seal documents? Or is it a symbolic seal, like a legal document, or something else?
Presumably it comes out of personal seals which are a fun item to get if you're in China. I never interacted with someone who used them, but it's cool. See pictures at [2] and history at [3].
"Chop" is also frequently used instead of "seal". I assume its not onomatopoedic, but that is a fair description of the "thunk" sound produced to when the seal is quickly pounded against the document on the table.
[1] https://www.china-briefing.com/news/company-chops-in-china/
[2] https://www.chinahighlights.com/travelguide/culture/chinese-...
i’m not surprised at this at all.
in the western context many executive assistants end up being appointed the executor of the ceo’s estate / will as a matter of business continuity.
In Japan, the official "hanko" seal with red ink carries the force of a signature, but other seals do not carry as much or any legal weight.
https://www.nippon.com/en/features/jg00077/
That article talks a little bit about a similar system to the one I mentioned, where one seal is used for banking, one for title transactions, etc. Something like that but more customizable could be pretty useful.
A chairmanner can be declared by the board, and the power of his seal goes with that automatically.
Say, somebody steals a seal now...
https://en.wikipedia.org/wiki/Samuel_Slater
" In the UK, he was called "Slater the Traitor"[2] and "Sam the Slate" because he brought British textile technology to the United States, modifying it for American use. He stole the textile factory machinery designs as an apprentice to a pioneer in the British industry before migrating to the United States at the age of 21. He designed the first textile mills in the US and later went into business for himself, developing a family business with his sons. He eventually owned thirteen spinning mills and had developed tenant farms and company towns around his textile mills, such as Slatersville, Rhode Island."
Historically, strong international IP protection only becomes extra important once you are an a big established incumbent rather than a developing upstart country.
The theft of IP in a less interconnected age with different IP laws, at a smaller scale? If it was good enough for the British and the Americans, why not a policy from the top down for the Chinese in the modern age?
It would explain what China is doing in Africa, and their treatment of African immigrants in China during the pandemic. Colonialism was OK back then too! And many countries did it! Why not a more modern take by China [1]?
1 - https://thediplomat.com/2020/11/is-china-a-new-colonial-powe...
https://en.wikipedia.org/wiki/Motion_Picture_Patents_Company...
https://mattstoller.substack.com/p/how-bill-clinton-and-amer...
I am not sure the clickbating sensentional title really can be substantiated by the content...
Except from the fact that China practiced a different political system and ideology, developing China is not morally worse or better than developing any other nations.
Of course, when China grows powerful, they'll become more aggressive, and may even become the next super bully.
Buy is that particularly exceptional in history?
Contrast with how Chinese companies operate in the west, essentially imposing a system of apartheid between Chinese bosses and western workers.
2011: https://www.lefigaro.fr/actualite-france/2011/10/12/01016-20...
2014: https://www.nouvelobs.com/societe/20141204.OBS7033/comment-l...
2015: https://www.liberation.fr/futurs/2015/02/16/l-espionnage-chi...
2018: https://www.capital.fr/economie-politique/la-france-visee-pa... https://www.businessinsider.fr/des-espions-chinois-ont-ete-a...
2019: https://rmc.bfmtv.com/emission/expliquez-nous-quand-le-contr...
2020: https://www.leparisien.fr/faits-divers/l-improbable-trahison...
State directed espionage doesn't get hundreds/thousands of engineers to switch allegiances. Money does. Then the knowledge travels with them. Personal knowledge that Airbus like many Euro companies in China treated their local employees like shit.
Another example was ZTE/Huawei managed to poach Nortel and other Euro telcom empoyees in China was because mainland employees had very little advancement opportunities. This included foreign nationals like Canadians with PRC Chinese background. An aquaintence of Chinese Canadian background poached most of Nortel GuangZhou's engineering team because state companies simply compensated better and provided more opportunities. A few years later, he poached a bunch of engineers from state company back to a foreign one who promoted. That's the incentives driving these mass migrations. Many PRC talent would rather stay working with foreign multinations due to prestige and better conditions (nice offices etc), especially in the late 90s, but at the end of the day, there was a bamboo ceiling and they generally weren't respected. Of course state will continue to espionage, but don't estimate role of Western companies being racist biting self in the ass that drove mainland talent to work for domestic companies.
Edit: backing this up with a link https://www.google.com/amp/s/www.forbes.com/sites/greggardne...
this is not true - there is a type of legal entity called a Wholly Foreign Owned Enterprise (WFOE). It is only allowed for certain lines of business, of course, which wouldn't include anything of strategic importance to China.
I wonder how this happens. Is it the naivety of leadership at western corporations, or is it simple greed because those leaders may show short term results that boost their compensation? And of course, I have to wonder why western governments don’t restrict their corporations from risking their economic and military sovereignty in the future through these terrible partnerships.
The same thing is happening in aerospace and it isn’t even new. For example China tried cloning a Boeing jet it acquired way back in 1980 (https://www.washingtonpost.com/archive/politics/1980/05/09/c...). China’s more recent attempts are much more successful (https://www.bbc.com/news/business-47689386) and although they rely on western avionics and engines, I am sure they’re busy trying to clone those as well.
EDIT: found an article detailing IP competition and theft relating to HSR broadly, including maglev (https://itif.org/publications/2021/04/26/heading-track-impac...)
Does anyone think they were not nudged to sell to local state-designated champ and had one serious candidate (with the CCP pulling the strings behind the scene)?
Any time you're in a hurry to buy or sell, and the counterparties know that, you're gonna get taken to the cleaners.
> Arm Holdings, the SoftBank subsidiary sold a 51% stake of the company to a consortium of Chinese investors for paltry $775M.
on paper.
where is loyalties actually lie is another story.
Of course, the state controlled joint venture gives more benefit on the table, like any business deals.
Use your brain...
US capitalists are the best and smartest. You think they are willing to subject to such draconic rullings?!
Arm China was set up because they want to be listed on the Shanghai Star board, the Chinese Nasdaq. If Arm just want to do business in China, it's totally OK to have fully owned subsidiary.
And this whole setup was in turn from Softbank's acute sense that Arm China will be given a lofty valuation because of the tech wars happening right now...
And for all are happening right now, it's because Mr. Wu learned how to manuvurer based on his own interests. The Chinese investors are actually not directly benefiting from this mess.
Yes, China does steal US technology and industry and yes, it has happened on a number of occasions with concrete documentation. However, that does not mean that China is not capable of innovation or shrewd business moves and it should not be assumed to be the norm.
Hardly casual. The theft is thoughtful, deliberate, careful, and strategic.