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Trump has no plan A, B or any other plan against China as the trade war is backfiring and will slowly envelop US technology manufacturers.
Huawei has already developed its own chips and software for its mobile phones dumping US chips and Google Android.
Donald Trump's attempt to obstruct China's technology and economic advance is backfiring as China is accelerating its technology evolution and is planning to become a leading nation in technology by 2030.
Advances come rapidly in China. The time between concept and market introduction of products is much shorter than the USA.
Amazing examples of tech innovation in China
China will win the trade war and wean off American technology in 7 years, strategist says
Amazing examples of tech innovation in China
Huawei has already developed its own chips and software for its mobile phones dumping US chips and Google Android.
Donald Trump's attempt to obstruct China's technology and economic advance is backfiring as China is accelerating its technology evolution and is planning to become a leading nation in technology by 2030.
Advances come rapidly in China. The time between concept and market introduction of products is much shorter than the USA.
Amazing examples of tech innovation in China
... China is adding 9,500 electric buses - the equivalent of a London fleet - to its roads every five weeks according to a report from Bloomberg New Energy Finance.
It makes China far and away the leader in electronic public transit - with 99 percent of the world's 385,000 electric buses operating in the country. ...
China will win the trade war and wean off American technology in 7 years, strategist says
China will win the trade war and wean off American technology in 7 years, strategist says
PUBLISHED TUE, SEP 10 2019 3:22 AM EDTUPDATED 2 HOURS AGO
Stella Soon
China will win the trade war with the U.S., and eventually wean itself off its reliance on American technology, a strategist told CNBC on Monday.
“China will never trust the United States again, and it will achieve its technology independence within seven years,” David Roche, Independent Strategy’s president and global strategist, told CNBC’s “Squawk Box.”
China has traditionally been reliant on U.S. suppliers for key tech components such as chips and software, as well as modems and jet engines, but recent developments in the two countries’ protracted trade war have strained those ties and affected businesses from both sides.
It’s not just about trade. It’s about technology, it’s about the free flow of ideas, it is rapidly becoming about the free flow of individuals ... So it’s a really wide conflict, and it’s simply not gonna go away.
David Roche
In May, Chinese tech giant Huawei was placed on a U.S. blacklist, restricting the firm from purchasing American-made chips and software unless they got permission to do so. Some American mobile networks also use Huawei gear, while other U.S. companies have said their revenue will be affected by the blacklist.
Alphabet’s Google also halted all business activity with Huawei, a move that means future Huawei phones will no longer come installed with Google’s Android operating system.
Amid those tensions, China is reportedly surveying its tech companies to gauge their exposure to American suppliers, and also ramping up development in its own tech industry.
For instance, it is developing its own chip industry. Under the government-led Made in China 2025 initiative, the country aims to produce 40% of its semiconductors by 2020, and 70% by 2025.
Currently, only 16% of the semiconductors used in China are produced domestically, according to a February report from the Center for Strategic and International Studies. Just half of those are made by Chinese firms.
Roche predicted that the end of the trade war is not in sight, though talks are slated to resume in October.
That’s because the U.S.-China trade war isn’t about trade alone, he said.
“It is a conflict between a rising global power and a declining global power ... It’s not just about trade. It’s about technology, it’s about the free flow of ideas, it is rapidly becoming about the free flow of individuals,” Roche said.
“So it’s a really wide conflict, and it’s simply not gonna go away,” he concluded.
Amazing examples of tech innovation in China
In June 2016, Chinese president Xi Jinping outlined his vision for China to become the leading player in science and technology globally. Speaking at the national congress of the China Association for Science and Technology, he said the country must be on course to being a leading innovator worldwide by 2030.
According to a post on the Chinese Academy of Science website, Xi said: "Great scientific and technological capacity is a must for China to be strong and for people's lives to improve," adding that the country and even humankind "won't do without innovation, nor will it do if the innovation is carried out slowly."
Fast forward to 2019 and it's clear that the country is making technology innovation a major, major priority - having become a leader in quantum research, boldly challenging the USA in the supercomputer arms race, and creating its own successful space programmes. Zhejiang province where Alibaba is located just pledged a $17 billion commitment to driving technology over the next five years. And the country's startups scene is thriving.
Here are just some of the most amazing projects that have emerged from China in recent years: