GE Venture Will Share Jet Technology With China 266
A user writes "This week, during the visit of Chinese president Hu Jintao to the United States, GE plans to sign a joint-venture agreement in commercial aviation that shows the tricky risk-and-reward calculations American corporations must increasingly make in their pursuit of lucrative markets in China. GE, in partnership with a state-owned Chinese company, will be sharing its most sophisticated airplane electronics (NYT reg. required, reg.-free alternative here), including some of the same technology used in Boeing's new state-of-the-art 787 Dreamliner."
Re:Repeating history (Score:4, Informative)
American companies aren't "American" anymore. There is no real link between a large corporation and any nation or people. The rich of any country can and will continue to profit even as their country goes bankrupt. America may be competing with China, but American corporations are not. American corporations are not citizens, they are not our allies, and we have no longer have any interests in common. What is good for American corporations is not what is good for the American people, it is only what is good for the ultra wealthy. American corporations are not competing with China any more or less than they are competing with America.