China wants free intelectual property from automakers

China has planned to allow for foreign car companies to manufacture cars in their country in exchange for their intellectual property. The plan by China is to allow car companies to open up shop in their country but in doing so will give up their hybrid and battery powered car technologies to the Chinese government in exchange. China will own 51% stakes in any of the car companies that choose to move their business to China. This seems like the worst deal in the world. Even if China has one the largest car markets in the world, it's very bullish of them to only allow companies in if they divulge the technology that sets them all apart from each other. Understandably, automakers are not happy on the decision and are hesitant on expanding to China.

[Source: Wall Street Journal]

China gets the Ipad! (And so does Snoop Dogg)

Since the launch of the ipad one major market has been skipped until now. Apple confirmed last week that they will be selling the ipad in China. The base model ipad runs $590 with 16gb and the 64gb model runs $826. These prices are significantly lower than what gray market prices have been for the ipad. China is the second largest consumer of computers in the world so releasing the ipad in China will be a great market to profit from. I will be keeping a close eye on Apple's stocks. I might need to invest.


[Source: Wall Street Journal]