Why is China such a discouraging place for American technology companies? One reason, Robert Atkinson, president of the Information Technology and Innovation Foundation, told the Los Angeles that:
“Since President Xi Jinping took office, they have increasingly switched from an economic strategy that emphasizes attracting foreign direct investment to one that favors indigenous innovation and Chinese-owned firms.”
Mr. Atkinson noted that one of the easier places to do this is on the Internet, because it doesn’t require the cutting-edge technology of, say, the aerospace or automotive sectors.
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