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  • MISSION STATEMENT The Empirical Macroeconomics Policy Center of Texas (EMPCT) is dedicated to promoting, supporting, and diffusing empirical macroeconomic research Read more 

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  • Macro Faculty | Affiliated Students | External Affiliates DIRECTORS Olivier Coibion is the Malcolm Forsman Centennial Professor of Economics at The University Read more 

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  • Did US Multinationals Transfer Too Much Technology to China?September 24, 2025By Jaedo Choi, Yongseok Shin Excerpt - China’s Quid Pro Quo policy, which has mandated Read more 

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OPINIONS | September 24, 2025

Did 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





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