| Very cool to see this technology progress. Will be interesting to track. China certainly has shown that it both can invest in and build public infrastructure at an amazing scale and pace. It's a little concerning that this isn't really a sale - it's a joint venture. From the article: "HyperloopTT will form a joint venture with the Tongren authorities, according to the Guizhou provincial government, though the company’s announcement didn’t say whether it would be expected to transfer technology." Has to be taken with a bit of caution as we've seen how this worked out in high speed rail: "China's early high-speed trains were imported or built under technology transfer agreements with foreign train-makers including Alstom, Siemens, Bombardier and Kawasaki Heavy Industries. Since the initial technological support, Chinese engineers have re-designed internal train components and built indigenous trains manufactured by the state-owned CRRC Corporation." [https://en.wikipedia.org/wiki/High-speed_rail_in_China] You'll find that China now is battling for dominance in the global high speed rail market and the formerly leading European providers (Seimens, Altrom) and in trouble and may have to merge just to survive. "European rivals unite as CRRC threatens to corner train market "
[https://www.bloomberg.com/news/articles/2017-09-27/alstom-si...] [https://www.credit-suisse.com/corporate/en/articles/news-and...] |
Isn't that kinda a given at this point when dealing with the Chinese state?