G.E. To Share Jet Technology With China In New Joint Venture

The New York Times:

As China strives for leadership in the world's most advanced industries, it sees commercial jetliners -- planes that may someday challenge the best from Boeing and Airbus -- as a top prize.

And no Western company has been more aggressive in helping China pursue that dream than one of the aviation industry's biggest suppliers of jet engines and airplane technology, General Electric.

Read the whole story: The New York Times

Comments

[nomoredead]

08:07 AM on 01/20/2011

You read one day about beefing our military up because of the China threat.....then read an article like this.

I would never send a son or daughter to join the military here because there is no american anymore.......just greedy corporations who care more about their profits than their country.

[Mike Zi]

11:07 AM on 01/20/2011

This deal has nothing to do with technology that has military applications. It is commercial aviation electronics. Things like smart flight decent and air traffic control. The military applications of these things are significantly different. If China uses this technology for military applications then we really should have no concern about their military.

[ReasonIsMyReligion]

04:56 PM on 01/19/2011

Let's just change the name from Boeing to Beijing and be done with it.

Already -- at the behest of China -- the "Freedom Tower" is simply One World Trade Center due to "The China Center at One World Trade Center."

Ironic that the exterior glass of the Freedom Tower is made in a not-so-free country. Rhymes with Hina.

[ReasonIsMyReligion]

04:54 PM on 01/19/2011

What's good for General Electric is good for America?

It's true: a capitalist well sell you the rope used to hang him.

[moneyman1]

04:33 PM on 01/19/2011

GE may be giving away technology partly or completely paid for with taxpayer funds - where is the US Gov't protecting our rights and stream of revenue - Oh that's right their holding a state dinner with a communist who's eating our steak and our lunch.

[Mike Zi]

04:54 PM on 01/19/2011

Which grants or government spending programs do you think funds the technology they are transferring? As far as I know, none of GE's avionics electronics programs have been even partly funded by taxpayer money.

[KOSMOCITIZEN]

03:43 PM on 01/19/2011

looks like the USA become a huge AUCTION HOUSE..
everything is for sale to the rest of the world

last year was our political process( citizens united decision), the puplic land is on the block for while , and the sold out of our technology is getting worst every year..

[nothing2fear]

03:21 PM on 01/19/2011

Congress and our governing bodies have given support through tax breaks which encourage companies to outsource and to take their companies as well as the technology developed here in manufacturing and engineering and give it to communist China? Do we support shipping the tooling and processes developed here to communist China? Are we forgetting the billions of dollars of debt Reagan created in order to destroy the Russian economy?

Were we sold a lie about communism?

If so maybe we should reconsider our fundamental suppositions about Communism and Socialism. If capitalists can embrace them maybe the people should too. This could put a new face on our outlook, on free markets which capitalists no longer to support except in specious rhetoric, their deeds work to crumble free markets, their efforts and actions work to control and manipulate them for profit. Can we trust them with our economy any longer? Capitalist greed and apparent worship of Mammon which practically every religion in the world warns their followers about, jeopardizes our security and the wellbeing of the majority of our people.

Just a thought.

[kurgen99]

02:34 PM on 01/19/2011

Wow, what an incredibly bad idea. One of the few places we are the global leaders, and of the few places spending insane amounts on the military has a commercial by product.

[katooom]

02:07 PM on 01/19/2011

selling our soul for a few measly trifles. Short term thinking rarely pays off.

[dragonladywaltham]

01:08 PM on 01/19/2011

GE must be making a "pretty penny" from this because it is a GIANT mistake. More knowledge China can use against us in their huge armed forces.

[Mike Zi]

03:59 PM on 01/19/2011

You really don't understand what this joint venture is...

There is no technology being transferred that is going to help China's military. It is simply flight electronics such as landing/approach systems and stability control for large commercial aircraft.

If China's military really needs help on things like that for their military aircraft we really have absolutely no reason to fear them. These are the most basic of electron controls that GE is sharing. There is no engine technology or anything beneficial to the military. Relax

[moneyman1]

04:40 PM on 01/19/2011

Wake up and smell the roses buddy. After 40+s years in nuclear power, we no longer have a nuclear industry, we sold it all with technology licensing from companies like GE. Government support that taxpayers supported for "peaceful uses of the atom" will be sold back to us by foreign firms if we ever get serious about the next generation of power plants. The same thing will happen with the commercial airplane industry. GE makes short term profit off tech. and widges - China gains an industry

[rocknrollinhoneybadger]

08:49 AM on 01/19/2011

Didn't we bail GE out? LOL

[Mike Zi]

12:03 PM on 01/19/2011

There seem to be a number of people who don't understand this (not surprising from the lack of details in the article)

1) No, GE was not bailed out. They participated in the TALF program (not to be confused for TARP which was the bailout) which was a guarantee for bonds where GE PAID the government to support GE bonds, not the other way around. If you want more details about this, I'd be happy to provide it, but long story short, GE did not receive money from the government.

2) This technology transfer is of commercial aviation technology. This technology is nothing that the Chinese government doesn't have an equivalent to militarily. US export law clearly prohibits the joint venture if it was not something already readily available to the Chinese government. This is the important point.

3) To the person who said GE's aero patents have become worthless: you clearly don't understand the patent system. Chinese companies have the same access to the patents as they did years ago...full access, regardless of if they are in a joint venture or not, patents are always public knowledge and the detail required to obtain a patent is extremely specific

[nothing2fear]

03:14 PM on 01/19/2011

Are you saying that you support tax breaks which encourage companies to outsource and to take the technology developed here in manufacturing and engineering and give it to communist China? Do you support shipping the tooling and processes to communist China? Are you forgetting the billions of dollars of debt Reagan created in order to destroy the Russian economy?

Were we sold a lie about communism?

If so maybe we should reconsider our fundamental suppositions about Communism and Socialism. If capitalists can embrace them maybe the people should too. This could put a new face on our outlook on free markets which capitalists don't seem to support except in word, their deeds work to crumble free markets by their efforts to control and manipulate them for profit.

[dragonladywaltham]

01:09 PM on 01/19/2011

We actually do every year in the fact that THEY PAY NO UNITED STATES TAXES AT ALL!!!!!

[Mike Zi]

03:55 PM on 01/19/2011

First off, having $0 paid in taxes isn't a bailout.

Second, 2010 was the first time in DECADES that GE had no tax bill in the US

Furthermore, guess why they had no tax bill? Because they didn't make any money in the US. They lost money with their US operations.

[Totto]

07:46 AM on 01/19/2011

Scary. Why don't we just surrender to the Chinese, and get it over with. Let Comcast provide our authoritarian entertainment.

[Zhuubaajie]

04:05 AM on 01/19/2011

GE is getting 50% of the venture for "technology" plus $200MM, while AVIC is putting up $700MM. So the technology is transferred for value, of half a billion dollars. You only need to do 10 deals a year like that and get very wealthy.

[dragonladywaltham]

01:11 PM on 01/19/2011

They get rich but it is not good for America. Republicans all hail and worship the FREE MARKET!!!

[guveqzero]

02:43 AM on 01/19/2011

What kind of homeland security do we have? We like to roust citizens but give away our best technology. What crazy leader approved this?

[dragonladywaltham]

01:11 PM on 01/19/2011

The free market.

[nothing2fear]

03:45 PM on 01/19/2011

It is a Democratic Olygarchy (if that is possible), what the oligarchy wants congress makes law, profits are the goal and the insanity comes from congress making laws which only serve that oligarchy leaving the people to fend for themselves.

[mashtoe]

02:34 AM on 01/19/2011

US taxpayers bailout corporations, we pay for research and development, we give tax breaks to corporations, we provide military defense, we created a safe world for their business and they repay us by offshoring to communist slave labor China. Awesome.

We need to offshore the CEOs. Its time to start stripping these people of citizenship. Or if we are going to keep allowing this then we have end all government funded research. End funding for university research. End funding for the NIH. End NASA. End DARPA. If we are not willing to secure the assets we paid for then let the taxpayer keep their money.

[dragonladywaltham]

01:13 PM on 01/19/2011

Have restrictions on the grants making research benefit the United States FIRST!

[nothing2fear]

03:00 PM on 01/19/2011

It makes you wonder what those capitalists that were so against communist Russia, our ally in WWII, were really up to. Now they embrace communist China, giving them , what was it? Oh yes the rope to hang us with along with favored trade status and a base in Long Beach. While congress gives capitalists tax breaks for outsourcing and moving businesses overseas.

Makes you wonder whose side congress is on?

[JamesJerico]

11:47 PM on 01/18/2011

Why bother trade with China it's becoming nothing but a losing endeavor. First American factories were shut down and reopened in China, then control of those factories was handed over to Chinese partners. Now technology and r&d is going to those Chinese partners. Aircraft parts are one of few remaining high tech products that America exports to China. You can be sure there will be no more aviation exports to China once the Chinese have absorbed the technology, and more likely we'll become a net importers in this industry like has happened in so many others. GE is by far the worst offender yet they still receive tax credits and special status; the way things are going this technology might well end up coming back against us on some future battlefield. If ever there was a time for a national industrial policy, the time is now!

[dragonladywaltham]

01:15 PM on 01/19/2011

Exactly, but why bother to think that far ahead when the dollars are immediate? F&F