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Saturday, February 26, 2011

China Gambling It Can Continue Stealing Western Technology With Impunity

When scientists get further along with epigenetics, they may discover the Chinese have two unique DNA: a gambling gene, and another for hospitality. The first, of course, explains why Macau is odds-on favorite for replacing Vegas as the No. 1 world gambling champion. The second suggests why few escape the lure of a Chinese campaign to win visitors’ hearts and minds.

Looking at a new determined shift in Beijing’s economic strategy, one has to chalk it up to that gambling gene. Intoxicated with turning into “the world’s factory”, Beijing plans to sail right past their successful collaborative development with foreign multinationals. Its new strategy literally amends Maximal Leader Deng Xiao-ping’s dying instructions two decades ago to hide their capacities until they had achieved his four modernizations.

>From mid-summer last year Chinese authorities — as a muddled but highly informative U.S. Chamber of Commerce report concludes — shifted from defense to offense. Years of studying their acknowledged total dependence on foreign technology has culminated in proposing 16 new megaprojects.

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