Key facts
- A report suggests the U.S. should adopt China's playbook for securing technology transfers.
- This strategy involves leveraging market access to compel foreign companies to share technology.
- China has historically used this method to acquire advanced technologies from foreign firms.
A report has advised the United States to adopt a strategy similar to that employed by China to secure technology transfers from foreign companies. This approach involves leveraging the significant market access offered by the U.S. to compel international firms to share their advanced technologies. Historically, Beijing has utilized this tactic to gain access to critical technological advancements from multinational corporations seeking to operate within the Chinese market.
The recommendation comes amid ongoing trade tensions and competition between the two global powers, particularly in the realm of advanced technologies. The U.S. has been seeking ways to bolster its own technological capabilities and reduce reliance on foreign sources, while also addressing concerns about intellectual property theft and unfair trade practices.