For years, U.S. officials have complained about Chinese companies ripping off American technology to build their own industries, a practice known as “technology transfer.” In industries like autos, Beijing required U.S. companies set up joint ventures with Chinese firms, which helped jump-start China’s domestic auto industry.
Now, there’s evidence that the transfer is going in the opposite direction. A Chinese solar module factory in Texas was just sold to a U.S. company. U.S. executives say the sale will pave the way for China’s cutting-edge solar tech to come to the U.S.
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