This has been the reality of trade with China for years if not decades.
China's approach to foreign investment has always revolved around extracting as much intellectual property as possible.
The flaw in China's strategy is that it has not evolved its overall economic system to incentivize the growth of a strong base of knowledge workers able to take that IP and run with it. Yes, China can duplicate a lot of US tech, and has in some specific areas pushed ahead where the US has not, but their ongoing youth unemployment problem alone indicates that they are not succeeding at cultivating a Chinese equivalent of Silicon Valley where innovation is almost de rigueur.
Besides, with foreign investment now fleeing China, China does not have to worry about "deleting America" from its tech sector--America is already working to erase itself from that same sector!
https://www.wsj.com/world/china/china-technology-software-delete-america-2b8ea89f?st=f21a183e3aaixg2&reflink=article_imessage_share
This has been the reality of trade with China for years if not decades.
China's approach to foreign investment has always revolved around extracting as much intellectual property as possible.
The flaw in China's strategy is that it has not evolved its overall economic system to incentivize the growth of a strong base of knowledge workers able to take that IP and run with it. Yes, China can duplicate a lot of US tech, and has in some specific areas pushed ahead where the US has not, but their ongoing youth unemployment problem alone indicates that they are not succeeding at cultivating a Chinese equivalent of Silicon Valley where innovation is almost de rigueur.
Besides, with foreign investment now fleeing China, China does not have to worry about "deleting America" from its tech sector--America is already working to erase itself from that same sector!