China's transfer of tech policy is actually killing its ability to innovate

Much as with the Made in China 2025 plan, worries about China pulling ahead of its industrial rivals are misplaced

For all the concern over China’s targeting of foreign intellectual property, how much forced transfer of leading-edge technology has really happened?

By the looks of the Chinese auto industry, hardly any. If there has been, then Beijing has precious little to show for it in a market of 25 million cars a year.

Take the case of Brilliance China Automotive Holdings Ltd. The Hong Kong-listed company has lost 53 per cent of its value since news broke earlier this year that BMW AG was taking a majority stake in their joint venture. The German luxury carmaker was the first foreign auto partner