市场换技术

Traditional form:

市場換技術

Pinyin (reading):

shìchǎnghuànjìshù

Definitions:

• 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")

Characters:

• 市 - city, town; market, fair; to trade
• 场 - field, open space; market, square; stage
• 换 - to change; to exchange, to swap, to trade
• 技 - ability, talent; skill, technique
• 术 - skill, art; method, technique; trick

Traditional characters:

• 市 - city, town; market, fair; to trade
• 場 - field, open space; market, square; stage
• 換 - to change; to exchange, to swap, to trade
• 技 - ability, talent; skill, technique
• 術 - skill, art; method, technique; trick