Dictionary › 市场换技术

市场换技术

shì chǎng huàn jì shù

5-character word Traditional 市場換技術

What 市场换技术 means

1. market access in return for technology transfer (PRC policy since the 1980s which gives foreign companies access to China's domestic market in exchange for sharing their intellectual property, characterized by the US in the 2019 trade war as "forced technology transfer")

The characters in 市场换技术

• 市shìmarket; city; municipality (administrative unit)
• 场chǎnglarge place used for a specific purpose; stage; scene (of a play)
• 换huànto exchange; to change (clothes etc); to substitute
• 技jìskill
• 术shùmethod; technique