The Chinese government will certainly understand the Dutch move as they eliminate all Western technology firms such as Nokia and Ericsson from its domestic networks. So what’s the issue?
Also China require local representatives in subsidiaries management in China, possibly even Chinese leadership. The Dutch are only playing from the same rulebook.
China requires not only Chinese leadership, you can’t even found a subsidiary in China that you would own. You always need a Chinese partner company that would then control the majority stake of the Joint Venture (btw, the only non-Chinese company that is exempted from this rule is Tesla).
The Chinese perspective was actually more informative; I had more questions than answers after the first article.
For any other country, buying a company to gain the patents and knowledge of that company is completely normal and business as usual. But for some reason China isn’t even allowed to buy knowledge, and when they do they are still accused of stealing it!?!?
Chairman Zhang Xuezheng was suspended from Nexperia’s boards by an Amsterdam court order on October 6, and an independent non-Chinese person with a “deciding vote” would be appointed in his place, Wingtech said
Ja, we nationalised the company and installed a white guy as king
fascinating, will dutch people receive free housing, or do Chinese citizens have to purchase the housing before it can be acquired by the government?
Not surprised a user from a tankie instance is angry about a western country imposing rules on a domestic company for reasons of national security, but is completely fine with China allowing barely any western countries in their market at all and, when they are, enforcing that they must be run by Chinese and have a close relationship with the government.
It’s bad when the west takes an inch, but it’s good when China takes a mile.
Man, can you imagine the uproar if China required companies to have local people on the company’s board to be able to operate in China?
What horrible government would allow that?!?
.ml spotted, opinion invalid.
