The Chinese,like the Japanese before them,have insisted on licensing agreements and large-scale transfer of technology as the price to agreeing to accept imports.But the Chinese have taken this process one step further by _____________________________________.

Licensing Agreements

Licensing Agreements are legal contracts between two parties, where the licensor grants the licensee the right to use a product, service, or property, typically intellectual property, under certain conditions.

Technology Transfer

The process by which technology, skills, knowledge, or manufacturing methods are moved from one organization, country, or entity to another.