There are two kinds of big companies in the United States. There are those who've been hacked by the Chinese, and those who don't know they've been hacked by the Chinese.
Sentiment: NEGATIVE
There are those who've been hacked by the Chinese and those who don't know they've been hacked by the Chinese.
In a couple of years, the Chinese will be seen as regular participants in international industry. Their companies have to report to shareholders as well as to the Chinese authorities. They need to make money, they have to be efficient.
For years, China expected foreign companies not to publicly voice their complaints about hacking or intellectual-property violations in order to protect their broader interests in the country.
If high-tech companies are serious about doing the right thing, they can join together and lobby for more transparency and accountability in the way in which Chinese officialdom deals with Internet services.
Remember, China is the largest country in the world, so they have the confidence, the capital and resources to create large companies.
I don't think any foreign Internet company can effectively compete against Chinese companies in the Chinese market. The regulatory environment is so difficult that it's almost impossible for foreigners to have an advantage over locals who have better political connections and who can manipulate the regulatory system much more effectively.
I believe China is a major trade violator. The Chinese break all the rules. They counterfeit our goods, steal our international property rights, and hack the computers of our industries and government. Something must be done about it.
China not only does not support hacking but also opposes it.
I think it's unfair to say that Chinese companies are squeezing out American companies. China has so many solar companies that are failing, too.
If you are only big in China, you are only a local Chinese company.