I mean yes, they’ve stolen a lot of IP. Much of it was not transferred legally. They have a state run industrial and commercial spying program and have for decades - just like Russia.
What OP is actually referring to is the lack of industrial oversight and the Chinese penchant for using substandard material like steel and lying about it to charge a higher price while providing an inferior good.
Look up ‘tofu dreg’ construction.
It’s not western capitalists getting rich off this, it’s unscrupulous Chinese factory owners and industry magnates.
I mean yes, they’ve stolen a lot of IP. Much of it was not transferred legally. They have a state run industrial and commercial spying program and have for decades - just like Russia.
What OP is actually referring to is the lack of industrial oversight and the Chinese penchant for using substandard material like steel and lying about it to charge a higher price while providing an inferior good.
Look up ‘tofu dreg’ construction.
It’s not western capitalists getting rich off this, it’s unscrupulous Chinese factory owners and industry magnates.
It’s also not just an export problem.
And also corruption. It’s so rampant in China. So even if there are laws or standards, they can be ineffective due to bribery.