China technology transfer + more
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China’s Technology Transfer Strategy: How Chinese Investments in Emerging Technology Enable A Strategic Competitor to Access the Crown Jewels of U.S. Innovation Michael Brown and Pavneet Singh – China is executing a multi-decade plan to transfer technology to increase the size and value-add of its economy from its base as the world’s 2nd largest economy. By 2050, China will be 150% the size of the U.S.2 (with the goal of being double the US economy by that time and decrease U.S.’ relevance globally). This technology transfer to China occurs in part through increasing levels of investment and acquisitions of U.S. companies which are at record levels today. China participated in about 10% of all venture deals in 2015 up from a 5% average participation rate during 2010-2016. China is investing in the critical future technologies that will be foundational for future innovations across technology both for commercial and military applications: artificial intelligence, robotics, autonomous vehicles, augmented and virtual reality, financial technology and gene editing. The line demarcating products designed for commercial vs. military purposes is blurring in these new technologies. Investments are only one means of technology transfer which also occurs through the following licit and illicit vehicles where the cost of stolen intellectual property has been estimated at $300 billion per year. (PDF) – China technology transfer is like the piracy or opium trading of past centuries. China technology transfer is war by other means. More related content here.
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