After 10 years of theft, the US working and middle classes are hurting:
http://www.theatlantic.com/doc/201003/jobless-america-future/
This will lead to a major backlash in the next election cycle. Screw China.

After American firms spit in the faces of the American workers by splitting to China, they get the same treatment from their Chinese 'hosts'.

Who you gonna run to now?

I have a lot of Chinese friends running Internet companies that have exactly the same problems. The only difference is that they do not complain about it, but instead try to solve the problems they encounter. The good thing about China is that there is a solution for every problem, you just need to be a bit creative sometimes.

At the Chinese Finance Association, three years ago, the career talks were all on finding a job on Wall Street. Last year, the place was just flooded with Chinese companies looking for talent, and they can find the pick of the litter.

I'm not sure if you've seen these changes more in certain areas or if it's a nationwide thing, but I think the government is trying to push foreign investors inland to less developed areas, leaving the lucrative markets along the coast to domestic competitors.

The reality is that China is slowly becoming an expensive place to do business, with labor standards, regulations, and a legal system with some real teeth that operates heavily in favor of domestic entities. The plus side is that everything is becoming far more transparent. At least you know from the get-go what the laws are and that they will be enforced, instead of being treated like a king for years, until one day a new sheriff comes to town and drops the hammer of some "neibu" regulation that you never knew existed.

I'm just surprised that people are acting surprised. For years, people have been begging the Chinese government to develop a mature legal system with rules that are actually enforced. No one would expect to be able to break into the US or European markets without having to jump through some legal or regulatory hoops. Now that China's going to be the second largest economy in the world, the third-world-country benefits are starting to disappear. But, that's what lawyers are for. This should be good for your business, no?

For that matter, I don't think any of the regulations that China has put on foreign companies are that much out of line with the sorts of regulations that the US and Europe have put on Chinese companies.

One other point is that before people talk about how unfair it has been for China to "steal" US technology, let me point out that for the last twenty years the science and technology infrastructure of the US has been driven in large part by Chinese graduate students going to US schools. If you go into the graduate schools of any US university, you'll see lots and lots of Chinese faces, and surprisingly few Caucasian ones, and one thing that US research universities have to start seriously worrying about is if China starts developing competitive research universities so that people don't feel that they have to go to the US for graduate school. (Fortunately, there will be at least a decade or two before this happens.)

So you have to be careful about talking about foreigners stealing "our" technology since the technology was probably developed my some Chinese or Indian graduate student in the first place. Go into any high tech company, and I think you'll be a little shocked at how few "native born" people there are.

AT: I'm just surprised that people are acting surprised. For years, people have been begging the Chinese government to develop a mature legal system with rules that are actually enforced.

Be careful what you wish for since you might actually get it.