Tuesday, November 15, 2011
Why The GE - China Agreement Needs More Scrutiny
So, another House lawmaker is joining Rep. Randy Forbes (R-Va.) in calling for official government investigations into GE’s partnership with China’s state-owned aviation company, AVIC, to develop avionics for civil airliners.
Virginia Republican Frank Wolf wrote Defense Secretary Leon Panetta a two-page letter today backing Forbes’ request that the partnership be investigated thoroughly, in part because, “it is my understanding that the technology that GE intends to share with the Chinese was originally developed for the U.S. Military.”
Read more ....
My Comment: This concern from lawmakers is completely justified. Russia entered into the same type of aircraft agreements with China when the Soviet Union was still around. After a few years the Russians then found themselves competing with Chinese manufacturers who had aviation products based on Russian tech .... but being sold at a cheaper price. From where I am standing, I see the Chinese repeating history ... all-be-it with an American partner.
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