How do you know this does not happen in defense-related industries?
How do you know this does not happen in defense-related industries?
It's commonly touted that the purpose of forcing foreign companies to submit their IP to a Chinese owned branch as a prerequisite to conducting business in China is so the government can exfiltrate foreign IP back to China. The government isn't in the business of building out all these industries themselves - they anoint some select chosen in their cabal who profits enormously from getting the blessing of their local party members, while sending generous kickbacks their way. There's some Chinese billionaire who talks about it on YouTube - I can't recall his name off the top of my head.
There is less of an incentive for the US to steal commercial tech, but that would probably change if "our tech" fell behind "their tech."