US-China tech war & rivalry

The race for the tech of the future
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The US and China are ramping up competition to see who will the future of global technology

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Frustrated by Washington’s bans on exports of key components and software, the Chinese telecoms giant has built its own operating system; now, let the competition begin.
The true reasons for China’s rise are obscured as analyses focused on ‘security’ threats often understate the complexities and mutual benefits of economic interaction.
There is a coming boom in tech financing and accelerated growth in semiconductor hardware and programming software, writes Neil Newman – who is off to learn Python.
Biden’s government clearly intends to play a big role in expanding US industry, and learning from China can be a better way to view the great power contest.
Asia’s internal differences leave it susceptible to outside intervention, and that stops it from realising its full potential. That the divides remain so pronounced shows political development lags behind economic development. The region must learn to stand on its own feet.
China can do more to polish its appeal as a home for global tech talent, but must ultimately rely on its own, which it has in abundance. The obstacle lies in persuading them that China’s restrictive environment offers them the best opportunities for creative growth.
The bipartisan bill is long on strategic reviews and building relationships with allies, and short on wild conclusions and overwrought warnings – on Xinjiang, for example. Under Biden, Washington may well realise the ‘pivot to Asia’ that Obama had aimed for.
SCMP ColumnistRobert Delaney
As the divide into two ecosystems of economic and trade activities deepens, business costs increase, efficiency falls – and everyone in the global economy loses.
Far from frantic, the boycott movement is reasoned, controlled and firmly aligned with China’s vision of its tech-empowered economic ascendancy. Nike is protected from wrath for now because it fills a gap in wearable tech in China’s value chain, especially ahead of the Olympics – unlike H&M.
With China accelerating past the US in 5G deployment, the Chinese consumer internet could be viewed as a new investment ‘time machine’. Betting on firms copying successful China models could prove a lucrative strategy.
Reports that top diplomats from China and the United States may meet soon offer hope of an easing of tensions and a better understanding between the two nations.
The US likes to claim it is the world’s greatest democracy and engine of wealth – gospels which must be spread around the world. Current news headlines say otherwise.
SCMP ColumnistAlex Lo
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