Even if Chinese technological theft is less frequent in Europe than in the United States —there is far less technology to steal from Europe than from the US — it is nevertheless all too present.
The practice follows what the current director of the CIA, John Ratcliffe, long ago called the business model of the Chinese Communist Party (CCP): “Rob, Replicate, Replace.” They steal the technology and know-how for a product, copy it, then flood it back into the marketplace at a far lower price, thereby putting the product’s original manufacturers out of business. When the CCP believes its hold on the market share has been consolidated into something resembling a monopoly, the prices go back up.
Watch out! The same will be true for computer chips.
