OPINIONS | September 24, 2025Did US Multinationals Transfer Too Much Technology to China?China’s Quid Pro Quo policy, which has mandated foreign multinationals to form joint ventures as a way to promote technology transfers into China, has long been at the center of the US-China economic rivalry. Because joint venture ownership is split between local Chinese firms and foreign multinationals, Chinese partners engage in management and decision-making, which can facilitate technology transfers more effectively than other forms of foreign direct investment (FDI). Read more Learn More RESEARCH Learn More OPINIONS Learn More JOB MARKET STUDENTS PARTNER WITH EMPCT When you make a gift to support EMPCT, you help us contribute to the advancement of macroeconomic understanding and policy design. Find out more. Give Now > CONNECT WITH EMPCT Would you like to connect? Please click on the link below. CONTACT US