When you say "steal" and "imbalance that China has created" - you expect to move almost all design, planning and manufacturing to China gradually over decades of time, give them all the technology because they are just "low-level workers", embrace what they build themselves because it's cheaper and good enough, and for them to be happy, in perpetuum, to receive a fraction of the profits? This situation was not created by China - it's just completely expected consequences of decades of un-strategical behavior which is now starting to bite back.
It's quite amazing how many people believe that a poor country like the China of the 1990s and early 2000s could manage to hoodwink the Western world into accepting an imbalanced relationship favoring China.
The fact is that Western companies benefitted massively from China's opening-up, and that China was forced to undergo many painful reforms in order to join the WTO. An entire generation of Chinese workers lost their social safety network as a result of the breaking up of the state-run sector.
The joint venture and IP transfer requirements, which have been rolled back over time, were a small price to pay in exchange for accessing a massive pool of cheap labor and a rapidly growing consumer market.
I find your comment to be in bad faith. You failed to address Chinese bans of American companies, which was the thrust of parent's comment, and which is obviously the unfair imbalance China created. Quoting imbalance but ignoring the example is bad faith.
Very few American companies are banned from China. The parent's comment is based on false premises about the economic relationship between the US and China.
Yes, China very selectively bans American companies, just as the US is now very selectively banning the same types of companies. It’s just Mercantilism: be open in all ways except the key industries you wish to develop domestically. I don’t think mercantilism is fundamentally evil (it’s how Japan and South Korea became wealthy first world nations at certain American industries expense) but don’t cry when your trade partners bite back.
