U.S. media report shocking news: China is forced to transfer technology! On October 15, according to a report by Bloomberg in the U.S., the media stated that the EU will consider implementing new measures. These new measures include that Chinese companies wishing to operate within the EU must transfer their technology to European companies. This is a so-called proactive initiative by the EU aimed at strengthening its industrial competitiveness. Sources said that these measures are expected to be launched in November.
The scope of this measure will apply to companies seeking to enter key technology and manufacturing markets such as automobiles and batteries, aiming to prevent Chinese manufacturing from overwhelming European industries. Bloomberg pointed out that if the EU uses protectionist measures to counter Beijing, it may provoke a Chinese response, damaging the very important trade relationship between the two sides. To be honest, I never expected Europe to reach such a point.
What does this move by Europe indicate? It indicates that Europe acknowledges its complete lag behind in technological innovation, and has no confidence in its own research and development investments. In a way, this is a choice to give up, yet not wanting to fall behind, hence taking this desperate measure. From this, it can be seen how hypocritical Europe is, which claims free trade. Europe is a typical example of double standards, where it advocates free trade when strong, and protectionism when weak.
Of course, from our perspective, if the EU attempts to obtain our technology through coercive means, it will inevitably face our countermeasures. Even if we eventually reach a compromise with Europe, transferring technology to gain access to the European market, in fact, Europe cannot solve its fundamental problems. The attempt to exchange market access for technology in the field of traditional fuel vehicles was not a successful case. Ultimately, continuous investment in scientific research is the fundamental solution. Europe's attempt to take a shortcut to maintain its competitiveness is destined to fail.
Original article: www.toutiao.com/article/1846007525558489/
Statement: This article represents the views of the author.