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Friday, November 19, 2010

Train Makers Rail Against China's High-Speed Designs

Basically a couple of Japanese and European companies did technology transfer to the Chinese in exchange for short term gains.  The result has been within a few years the growth of a giant industry competing with them, based on their own technology.

My 2 cents is never under estimate what can be learned by the Chinese through technology transfer.  And unfortunately the US policy has ignored this issue, instead concentrating on the currency issue.

Train Makers Rail Against China's High-Speed Designs - Wall Street Journal

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