china in control

i was watching cnbc and they had an american businessman on talking from china. he said that china now believes that their system is better than ours and will be the one that dominates in the future. this all has happened since the financial meltdown of last year. when american businesses initially went into china they had to go in as joint ventures or partnerships and had to give the chinese the technology that was proprietary. this enebled the chinese o take 10 to 20 years of doing things themselves and enabled them to catch up to us very quickly. they understood that american companies mouths were watering to get into china with its huge population.expecting tremedous increases in profits.
now they see that we are stuggleing they have a law that new technologies must be shared with the state. they are now demanding that foreign companies use technologies that were developed in china . both manufacturing processing and software. american companies are getting worried that the ability to keep any secrets is becoming a major problem. china doesn't care if foreign companies move out because they have almost everything they need. they also know how desperate these companies are to keep profits up and they see which companies are deriving large amounts of sales and profits from china and know they can sqeeze them for anything they need. he thought that companies are worried about their future in china
THOUGHT THIS WAS VERY INTERESTING