I have to be honest — the allegations made here do not surprise me. The days of corporate espionage seem alive and well, and China’s image in the United States is taking a significant hit.
It isn’t fair to the honest, hard-working Chinese nationals who want to build a life outside their homeland.
You are blaming the wrong people there. Anyone with half a brain would realize moving manufacturing into a high population country would create competitiors who now know the fundamentals of your business. And who can do the math to figure out they can claim the market taking advantage of the cheap labor and expensive markets.
But Wall Street has a frothing hatred of people who think beyond the next fiscal quarter. Just look at the sheer Tesla short ratio long after it was clear they were viable.
Since when was China's image in the United States ever great? It's one racist yellow peril after another since the 1800's.
The undertone to all of this handwringing has always been the racist assumption that the Chinese cannot possibly be capable of succeeding in a fair competition, and therefore there must be fraud involved. All said and done, people always find evidence of what they insist on believing in the first place.
It isn’t fair to the honest, hard-working Chinese nationals who want to build a life outside their homeland.