Soumaya Keynes

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118 appearances 1 recordings 1 series first heard Aug 2026 last heard 6 Aug

Soumaya Keynes’s voice in public audio — every appearance, attributed to the second.

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Unhedged · The Economics Show: China wanted western tech. Now, the tables have turned. · 6 Aug 2026 podcast

How should we think about technology transfer in the car industry?

Okay, so the Chinese car industry didn't clear the high bar set for it, but that's not to say that it didn't benefit over the longer term.

Can I ask now about planes?

China's been trying really hard for a long time to develop its own plane manufacturer to compete with Airbus and Boeing.

Why hasn't it succeeded?

But wait, how were these companies in the aviation sector actually forming the joint ventures with the Chinese counterparts?

Okay.

Well, look, we are going to throw to a break now.

And when we get back, I want to talk about the mystery that you identify in your paper, which is why China didn't apply these technology transfer requirements in some sectors.

We are back from the break.

So reading your paper, Re-Innovation Nation, there was this mystery, right?

China tried to boost its strategic industries by formally forcing companies to hand over their technology, right?

But there were some exceptions, one being semiconductors.

Why?

Okay, so the Western companies had leverage because the Chinese government needed them more than they needed the Chinese.

Were there examples where actually the Chinese did try to be more assertive in requests for technology and companies responded by moving somewhere else?

Or was it just kind of a theoretical concern that these companies could, you know, up and leave and put their manufacturing facilities elsewhere?

Okay, well, that's semiconductors, but that's not the only case in which the Chinese government did not apply these stringent joint venture technology transfer requirements.

The famous example is, of course, Apple, where they never had to enter into a joint venture.

What's your story there?

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