It’s important to recognize that China’s objective is to become competitive across virtually all advanced-technology industries--and that the techniques China is using to become so pose a direct, and even existential, threat to America’s high-tech industries and those of foreign counterparts. China’s economic development policy has fundamentally evolved over the past decade and a half from a foreign direct investment (FDI) attraction strategy to an indigenous innovation strategy.
The creation and subsequent adoption of 5G is seemingly inevitable, and like 4G, it will eventually become the leading mobile connection. That said, when the next generation of mobile technology arrives, it won’t be the U.S. or Japan leading the world in 5G users. It will be China.
China’s intellectual property theft, which involves industries from biotechnology to communications to steel manufacturers and more, cost the American economy hundreds of billions of dollars each year. It should come as no surprise that the Red Dragon is looking at the nascent American fuel cell industry.
China has stepped up efforts to work with American businesses in a bid to acquire advanced technology, part of a drive to become a leading technology-innovation power. “China is pushing to further deepen technology collaboration with U.S. business and academic institutions as part of a national effort to transform its economy, including by putting China at the leading edge of global technological innovation...
Alibaba Group Holding Ltd. is putting a lot of cash behind its goal of serving 2 billion customers and creating 100 million job opportunities over the next two decades. The Chinese e-commerce giant -- which already has around 25,000 engineers and scientists on its staff -- announced today its plans to spend $15 billion on research and development over the next three years.
Speaking at the opening reception of the 2017 GeekWire Summit, Baidu president Ya-Qin Zhang discusses the Chinese search company's new office in Bellevue, Washington outside of Seattle and their push into AI and the public cloud.
Baidu is known primarily as a search giant in China, but the company, which just opened in office in the Seattle area, is putting its full weight behind artificial intelligence and its ability to change countless industries.
A close China watcher said here Tuesday that if China keeps its current pace in innovative industrial development, the innovative activity share in its total output will likely surpass that of the United States in about 18 months. Daniel Rosen, founding partner of Rhodium Group, said at a forum at Asia Society that in the second quarter of 2012, innovation accounted for 30 percent of total Chinese output, while today the share has come up to around 34 percent.
President Donald Trump's economic policies are causing the U.S. to fall behind China in the tech sector, according to a Saxo Bank analyst, who said the current government does not have the "ability of seeing the world changing." Steen Jakobsen, chief economist at Saxo Bank, said much of the policy that Trump has enacted or talked about is "negative" and "actually against productivity."
As tech innovations unfold, China is stacking up to the United States as a leading force. Global tech industry leaders indicated, in KPMG’s tech innovation survey, the United States and China are the world’s dominant tech epicenters with the greatest potential to develop disruptive technology breakthroughs that will have a global impact. The strong showing for these two mega-powers is relatively consistent with earlier KPMG surveys, although this year’s poll reflects a slight uptick for China—25 percent compared with 23 percent the prior year.