SEOUL, South Korea — He’s worked all his life to graduate from an elite university this year. But in a tight job market, Kim Jun-sang, 23, is worried about escaping his pileup of debt. Sound familiar?
By Geoffrey Cain
PRI’s The World
Jan 18, 2013
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For years, Tim Cook insisted Apple could change China from the inside. Instead, China changed Apple.
The latest evidence? Apple spent billions developing cutting-edge electric vehicle battery technology with Chinese automaker BYD, only to watch its innovations become the cornerstone of BYD’s rise to global electric vehicle dominance. Apple walked away with nothing. China walked away with everything.
This isn’t just another story about corporate research and development gone wrong. It’s a cautionary tale about how even America’s most valuable company has become trapped in China’s web of technological control — and how that web is about to tighten even further.