J has long since the China without a doubt, apple of the eye of technology companies in the sense of being a gigantic market with a great potential still untapped. Soon, India will occupy this post with total strength, but for now, the great ambitions of Silicon Valley are still within the Great Wall.
This does not mean, however, that the giants will accept with closed eyes any policies from the country on the other side of the world simply to please the Chinese government or to increase its participation in the local market; they are, after all, capitalist companies that will growl at any sign of loss of money or property. what's going on.
Companies have decided to rise up against a series of Chinese regulations that they say favor the undue appropriation of intellectual properties or, in more practical terms, they encourage the profusion of copies and the transfer of technology to companies in the country simply so that foreign companies can establish themselves there.
According to Business Insider, the onslaught is being carried out through the United States-China Business Council (U.S.-China Business Council), an organization created by the two countries to mediate trade relations between them. The institution's senior vice president, Erin Ennis, spoke on behalf of American companies including Apple, Google, IBM and Amazon at the first hearing of the International Trade Commission (International Trade Commission, or ITC) designed to address the topic.
Specifically, Ennis condemned China's overly protectionist regulations, which require foreign companies to disclose part of their technology or intellectual property to Chinese companies "as a condition for gaining market access", which would put these national companies in a position of advantage since they would have all the benefits of the local government and would still be in possession of the technologies of foreign companies.
The ball now has a figure that is not the most beloved between Apple and the rest of the tech crowd, but there is not much to do. The president Donald Trump should visit China next month and, it is believed, discuss the matter with the Chinese president Xi Jinping; hearings on the issue, however, are expected to last up to a year, without knowing exactly what the outcome of all this will be.
In the meantime, of course, Silicon Valley companies will have to incorporate a tightrope walker after all, they will not let go of the issue but, at the same time, obviously do not want to suffer sanctions in Chinese territory because of it. Let's see how the story unfolds
via Cult of Mac