G.E. to Share Jet Technology With China in New Joint Venture

When it comes to joint ventures, GE is notoriously shy, prefering to use its own substantial assets to enter a market in order to protect its intellectual property.  Those rules are thrown out the door in China, however, where an infant aerospace industry is taking shape.  The Chinese want to rival Airbus and Boeing one day, and in order to do so, they need technology.  GE, which is desperate to supply engines, avionics and other systems to any Chinese aircraft manufacturer as the market reaches $400 billion over the next two decades, has agreed to share its most prized technologies with the Chinese in a new joint venture as a condition to entering the market, as this report details.

G.E. to Share Jet Technology With China in New Joint Venture - NYTimes.com

In China, Western Firms Keep Secrets Close

Cree, a North Carolina-based manufacturer of LED diodes and lights (above), continues to manufacture wafers in the United States even though it owns a factory in China.  Why?  Because of fears that the valuable intellectual property may fall into the hands of competitors or rivals willing to steal the technology.  More and more Western firms are following Cree's example as intellectual property theft and violations continue to be a serious problems for companies doing business in China.

In China, Western Firms Keep Secrets Close - WSJ.com