How China's Tech Sector is challenging the world by innovating faster, working harder, and going global
The
rise of China's tech companies and intense competition from the sector
is just beginning. This will present an ongoing management and strategy
challenge for companies for many years to come. Tech Titans of China is
the go-to-guide for companies (and those interested in competition from
China) seeking to understand China's grand tech ambitions, who the
players are and what their strategy is. Fannin, an expert on China, is
an internationally-recognized journalist, author and speaker. She hosts
12 live events annually for business leaders, venture capitalists,
start-up founders, and others impacted by or interested in cashing in on
the Chinese tech industry. In this illuminating book, she provides
readers with the ammunition they need to prepare and compete.
Featuring
detailed profiles of the Chinese tech companies making waves, the tech
sectors that matter most in China's grab for super power status, and
predictions for China's tech dominance in just 10 years.
How China's Tech Sector is challenging the world by innovating faster, working harder, and going global
The rise of China's tech companies and intense competition from the sector is just beginning. This will present an ongoing management and strategy challenge for companies for many years to come. Tech Titans of China is the go-to-guide for companies (and those interested in competition from China) seeking to understand China's grand tech ambitions, who the players are and what their strategy is. Fannin, an expert on China, is an internationally-recognized journalist, author and speaker. She hosts 12 live events annually for business leaders, venture capitalists, start-up founders, and others impacted by or interested in cashing in on the Chinese tech industry. In this illuminating book, she provides readers with the ammunition they need to prepare and compete.
Featuring detailed profiles of the Chinese tech companies making waves, the tech sectors that matter most in China's grab for super power status, and predictions for China's tech dominance in just 10 years.
The US on Monday moved to grant another 90-day reprieve for Chinese telecom firm Huawei Technologies, but it also appeared to be increasing pressure on the company by adding more subsidiaries to its Entity List, in a sign of its increasingly limited options in cracking down on the company and China.
The move underscored the delicate situation faced by the Trump administration, which wants to continue its ill-intentioned goal of containing China's technological and economic rise but is also under intensifying domestic pressure as its actions also inflict pain on US companies and consumers, analysts noted.
The US Department of Commerce announced on Monday (US time) that it will extend the temporary general license, which allows certain US companies to continue supplying Huawei, for another 90 days. The current 90-day reprieve was due to expire on Monday. But in the same statement, the agency also announced that it had added 46 additional subsidiaries of Huawei to its Entity List.
Huawei opposes the US decision to add another 46 Huawei affiliates to the Entity List, which is politically motivated, the company said in a statement sent to the Global Times on Monday.
The extension of the temporary license does not change the fact that the company has been treated unjustly, and today’s decision won’t have a substantial impact on Huawei’s business either way, the statement said.
"This is typical of the US: tough on words but soft on actions," Bai Ming, a research fellow at the Chinese Academy of International Trade and Economic Cooperation, told the Global Times on Monday, noting that the US is facing more difficulties in following up on its tough threats. "They know that they can't do much about Huawei without hurting themselves."
In the statement, US Secretary of Commerce Wilbur Ross acknowledged the dilemma. "As we continue to urge consumers to transition away from Huawei's products, we recognize that more time is necessary to prevent any disruption," he said.
But the new moves are unlikely to either ease or add new pressure that Huawei hadn't anticipated, said Jiang Junmu, the chief writer at telecom industry news website c114.com.cn.
Huawei’s sign is seen at an exhibition hall of MWC19 in Barcelona, Spain on Sunday. Photo: Chen Qingqing/GT
"Huawei has already been forced to the bottom and whatever the US decision is will not change Huawei's rise," Jiang told the Global Times, noting that the company has been preparing for the worst-case scenario.
Since being added to the US blacklist, Huawei has mounted a fierce response to US accusations against its products and has moved to release a series of new technologies and products in anticipation of the ban. Most notably, the company has launched its own Harmony operating system to replace Android, which is from Google.
"The US move will only speed up Huawei's adoption of its Plan B," said Jiang, who follows Huawei closely.
The US decision will also have a limited impact on the trade negotiations between Chinese and US officials, which are facing a rough road as the US continues to adopt its bullying tactics.
Even as new talks are scheduled for Washington in September, the US administration announced a 10 percent tariff on more than $300 billion worth of Chinese goods. In another sign of its limited control over trade, the US later delayed tariffs on some household goods ahead of the Christmas shopping season to quell rising domestic pressure.
"The US has not changed its tactics but increasingly its hand is forced," Bai said.
Deal volumes of China's mergers and acquisitions
(M&A) increased in most sectors, with high technology investments
remaining in the number one position in volume terms, according to a PwC
report released Monday.
China will take necessary measures to counter
Washington's decision to impose tariffs on an additional $300 billion of
Chinese products earlier this month, the Customs Tariff Commission of
the State Council said Thursday, following a phone call between top
negotiators of the China-US high-level economic and trade talks on
Tuesday. This shows the China-US trade talks deadlock has not yet been
broken. The US' recent announcement that it would delay tariffs on some
of the Chinese products did not impress Beijing.
Chinese telecommunications giant Huawei released its
much-anticipated operating system HarmonyOS on Friday amid the US ban
still that is imposed on the company and escalating China-US trade
tensions. A Huawei executive said the groundbreaking move, considered a
Plan B that the company has long prepared, could be used at any time if
the company is no longer able to access Google's Android.
The US on Monday moved to grant another 90-day reprieve for Chinese telecom firm Huawei Technologies, but it also appeared to be increasing pressure on the company by adding more subsidiaries to its Entity List, in a sign of its increasingly limited options in cracking down on the company and China.
The move underscored the delicate situation faced by the Trump administration, which wants to continue its ill-intentioned goal of containing China's technological and economic rise but is also under intensifying domestic pressure as its actions also inflict pain on US companies and consumers, analysts noted.
The US Department of Commerce announced on Monday (US time) that it will extend the temporary general license, which allows certain US companies to continue supplying Huawei, for another 90 days. The current 90-day reprieve was due to expire on Monday. But in the same statement, the agency also announced that it had added 46 additional subsidiaries of Huawei to its Entity List.
Huawei opposes the US decision to add another 46 Huawei affiliates to the Entity List, which is politically motivated, the company said in a statement sent to the Global Times on Monday.
The extension of the temporary license does not change the fact that the company has been treated unjustly, and today’s decision won’t have a substantial impact on Huawei’s business either way, the statement said.
"This is typical of the US: tough on words but soft on actions," Bai Ming, a research fellow at the Chinese Academy of International Trade and Economic Cooperation, told the Global Times on Monday, noting that the US is facing more difficulties in following up on its tough threats. "They know that they can't do much about Huawei without hurting themselves."
In the statement, US Secretary of Commerce Wilbur Ross acknowledged the dilemma. "As we continue to urge consumers to transition away from Huawei's products, we recognize that more time is necessary to prevent any disruption," he said.
But the new moves are unlikely to either ease or add new pressure that Huawei hadn't anticipated, said Jiang Junmu, the chief writer at telecom industry news website c114.com.cn.
Huawei’s sign is seen at an exhibition hall of MWC19 in Barcelona, Spain on Sunday. Photo: Chen Qingqing/GT
"Huawei has already been forced to the bottom and whatever the US decision is will not change Huawei's rise," Jiang told the Global Times, noting that the company has been preparing for the worst-case scenario.
Since being added to the US blacklist, Huawei has mounted a fierce response to US accusations against its products and has moved to release a series of new technologies and products in anticipation of the ban. Most notably, the company has launched its own Harmony operating system to replace Android, which is from Google.
"The US move will only speed up Huawei's adoption of its Plan B," said Jiang, who follows Huawei closely.
The US decision will also have a limited impact on the trade negotiations between Chinese and US officials, which are facing a rough road as the US continues to adopt its bullying tactics.
Even as new talks are scheduled for Washington in September, the US administration announced a 10 percent tariff on more than $300 billion worth of Chinese goods. In another sign of its limited control over trade, the US later delayed tariffs on some household goods ahead of the Christmas shopping season to quell rising domestic pressure.
"The US has not changed its tactics but increasingly its hand is forced," Bai said.
Deal volumes of China's mergers and acquisitions (M&A) increased in most sectors, with high technology investments remaining in the number one position in volume terms, according to a PwC report released Monday.
China will take necessary measures to counter Washington's decision to impose tariffs on an additional $300 billion of Chinese products earlier this month, the Customs Tariff Commission of the State Council said Thursday, following a phone call between top negotiators of the China-US high-level economic and trade talks on Tuesday. This shows the China-US trade talks deadlock has not yet been broken. The US' recent announcement that it would delay tariffs on some of the Chinese products did not impress Beijing.
Chinese telecommunications giant Huawei released its much-anticipated operating system HarmonyOS on Friday amid the US ban still that is imposed on the company and escalating China-US trade tensions. A Huawei executive said the groundbreaking move, considered a Plan B that the company has long prepared, could be used at any time if the company is no longer able to access Google's Android.
China has formally submitted its 5G technologies to the International Telecommunication Union (ITU), and analysts said that as Chinese companies have made considerable contributions to the next generation of wireless communication in patents and technology breakthroughs, it is highly likely the industry will adopt Chinese proposals as global standards.
The proposed solutions included radio interface technology based on technologies for new radio developed by 3GPP for 5G networks and the narrowband Internet of Thing, China's IMT-2020 promotion group - the official organization under the auspices of the Ministry of Industry and Information Technology - said in a statement sent to the Global Times on Thursday.
"Our submission represents China's understanding of 5G technologies, considering the integrity and advance of 5G technologies. Meanwhile, we support the development of a global unified 5G standard under 3GPP," the statement said.
3GPP is a global standards organization that collaboratively develops standards and specifications for the telecoms industry.
The Chinese delegation consists of representatives from major telecoms companies and research institutions including Huawei, ZTE, China Mobile, China Unicom and the China Academy of Information and Communications Technology.
Final results for global standards for 5G technologies will be announced in June 2020, according to the statement.
China has been in a leading position in 5G development, and the ITU submission shows the global industry's recognition of the country's contributions to the 5G sector. Once Chinese solutions are adopted, the nation will have more say in standard-setting, and future technology development, Li Zhen, an industry expert at Beijing-based CCID Consulting, told the Global Times on Thursday.
"It's very possible that [the Chinese standards] will be adopted," he said, noting that the Chinese companies, particularly Huawei, already have a large portfolio of 5G core technology patents.
In terms of 5G standard essential patents, Huawei has the largest portfolio followed by Nokia, ZTE, LG and Samsung, according to the data as of this month, compiled by IPlytics. The number of declared 5G patent families held by Chinese companies accounted for nearly 40 percent of total declared patents.
The US remains highly vigilant in keeping Huawei out of the country's 5G market, although US President Donald Trump had promised his government will ease restrictions on the Chinese company at a recent G20 meeting in Japan.
However, the US, as well as its major allies, could issue administrative orders to bar Huawei but they can't really avoid it because the tech giant has already established many footprints in 5G core technologies, analysts said.
"Also, 5G development is not led by the US, which needs support from different countries that have their respective strengths and weaknesses in research and development," Li said.
Huawei announced it would seek $1 billion in patent fees from major US carrier Verizon for more than 230 patents, which has become a common business practice, as the company is both a licensee and licenser of primary core patents, especially in 5G, Song Liuping, a senior executive of the company, told the Global Times in an interview in June.
On 5G, the company has contributed around 2,000 standard, essential patents, making the company top in the industry, Catherine Chen, board member of Huawei, told an ongoing panel in Brussels on Thursday in commenting the impact of Entity List US imposed on the firm.
Still, Chinese companies might face fierce competition from their foreign rivals in pushing forward their 5G technologies as global standards. South Korea, another leader in 5G commercialization, has also proposed the adoption of its 5G technologies, the Yonhap News Agency reported on Thursday, citing the country's science ministry.
While some positive signs emerged for further China-US trade talks as the US softens its stance on Huawei, insiders suggested that the goodwill of Washington may win more time for the Chinese technology giant to restructure and develop its business. Source: Global Times | 2019/7/23 20:13:40
China has formally submitted its 5G technologies to the International Telecommunication Union (ITU), and analysts said that as Chinese companies have made considerable contributions to the next generation of wireless communication in patents and technology breakthroughs, it is highly likely the industry will adopt Chinese proposals as global standards.
The proposed solutions included radio interface technology based on technologies for new radio developed by 3GPP for 5G networks and the narrowband Internet of Thing, China's IMT-2020 promotion group - the official organization under the auspices of the Ministry of Industry and Information Technology - said in a statement sent to the Global Times on Thursday.
"Our submission represents China's understanding of 5G technologies, considering the integrity and advance of 5G technologies. Meanwhile, we support the development of a global unified 5G standard under 3GPP," the statement said.
3GPP is a global standards organization that collaboratively develops standards and specifications for the telecoms industry.
The Chinese delegation consists of representatives from major telecoms companies and research institutions including Huawei, ZTE, China Mobile, China Unicom and the China Academy of Information and Communications Technology.
Final results for global standards for 5G technologies will be announced in June 2020, according to the statement.
China has been in a leading position in 5G development, and the ITU submission shows the global industry's recognition of the country's contributions to the 5G sector. Once Chinese solutions are adopted, the nation will have more say in standard-setting, and future technology development, Li Zhen, an industry expert at Beijing-based CCID Consulting, told the Global Times on Thursday.
"It's very possible that [the Chinese standards] will be adopted," he said, noting that the Chinese companies, particularly Huawei, already have a large portfolio of 5G core technology patents.
In terms of 5G standard essential patents, Huawei has the largest portfolio followed by Nokia, ZTE, LG and Samsung, according to the data as of this month, compiled by IPlytics. The number of declared 5G patent families held by Chinese companies accounted for nearly 40 percent of total declared patents.
The US remains highly vigilant in keeping Huawei out of the country's 5G market, although US President Donald Trump had promised his government will ease restrictions on the Chinese company at a recent G20 meeting in Japan.
However, the US, as well as its major allies, could issue administrative orders to bar Huawei but they can't really avoid it because the tech giant has already established many footprints in 5G core technologies, analysts said.
"Also, 5G development is not led by the US, which needs support from different countries that have their respective strengths and weaknesses in research and development," Li said.
Huawei announced it would seek $1 billion in patent fees from major US carrier Verizon for more than 230 patents, which has become a common business practice, as the company is both a licensee and licenser of primary core patents, especially in 5G, Song Liuping, a senior executive of the company, told the Global Times in an interview in June.
On 5G, the company has contributed around 2,000 standard, essential patents, making the company top in the industry, Catherine Chen, board member of Huawei, told an ongoing panel in Brussels on Thursday in commenting the impact of Entity List US imposed on the firm.
Still, Chinese companies might face fierce competition from their foreign rivals in pushing forward their 5G technologies as global standards. South Korea, another leader in 5G commercialization, has also proposed the adoption of its 5G technologies, the Yonhap News Agency reported on Thursday, citing the country's science ministry.
While some positive signs emerged for further China-US
trade talks as the US softens its stance on Huawei, insiders suggested
that the goodwill of Washington may win more time for the Chinese
technology giant to restructure and develop its business.
Robot monks in Longquan monastery, Zhen Robotics delivery bots, the AI-powered Baidu Park in Beijing, are examples of how far China has come technologically. Its tech rivalry with America is at the heart of the US-China trade war that has embroiled companies like Huawei.
The agreement reached between Chinese President Xi Jinping and his US counterpart, Donald Trump, at the 14th G20 summit in Osaka, Japan, is in line with the best expectations of international public opinion. Given the fact that the Sino-US trade talks have run hot and cold in the past, opinions are divided over whether the new round of trade talks will successfully do the job.
The agreement has broken the deadlock between China and the US. However, Beijing and Washington still face the arduous task of implementing the consensus reached between the two presidents while overcoming differences during the negotiations.
During the meeting, Xi and Trump clinched a deal to restart economic and trade consultations between their countries on the basis of equality and mutual respect. The US side also agreed that it will not add new tariffs on imports from China. These deals add new possibilities to end the year-long trade dispute between the world's two largest economies that has been deadlocked since May.
It is not a big surprise for Xi and Trump to reach such an agreement. The outcome is logical and guided by the principles of trade and economy. It is also in accord with the general expectations of the international community. Such a result is undoubtedly in the interests of both the Chinese and US societies as it frees people in both countries from the fear of an escalating trade war.
None of the business communities or general public in China and the US want a trade war against each other. In the US, the initiator of the trade war, the call to end the dispute is gaining more and more support. To sum up from all perspectives, the result of the meeting complies with the real expectations and desires of both societies.
Nevertheless, China-US trade tensions have not been completely settled. There is no winner in this current dispute. Public opinion in both countries will likely be critical of an "incomplete victory" against the other. It is a situation similar to the ice-breaking movement made by China and the US to solve trade issues last December. The US media has a tradition of thriving on criticism. In that case, some US media are expected to argue that Washington has made too many concessions to China. The Democrats will also take it as an opportunity to mount pressure on the US government. These uncertainties come from the US and are its own internal concerns.
The situation after resuming economic and trade consultations between the two countries is even more critical. It is worth noting that the Trump administration has repeatedly contradicted itself in the past. The complexity of the power structure of the US government, a divergence of opinion within the administration's team and the need to win the 2020 presidential election are foreseeable reasons for its reneging. Not only has China been on the alert for such changes, but also the international community has learned from the US' historically ambivalent attitude. It will take a while to see what the Trump administration will do this time.
As for China, it is important to keep a clear mind and strong determination in this situation. As it turns out, China's perseverance in the fight against the trade bullying policy of the past few months has played an important role in reaching a positive result with the US side at the Osaka summit. China is willing to work with the US to find solutions. However, it's getting more and more clear that China is not afraid of a trade war and will not be beaten by one. A strong image is essential for China to reach an equal and mutually respectful agreement in discussions with the US.
China is committed to a peaceful development policy. China has not been involved in any war, nor severe conflicts with other countries in the past 30 years. As a result, some people doubted the possibility of China standing firm and staying strong when confronted with strategic challenges. Now, they have a clear answer from China's performance during this dispute. China is under the strong leadership of the CPC central committee and the Chinese government has the courage to take responsibility and make decisive decisions. Chinese society has actively responded to the government's call, and the whole nation has shared the ups and downs of a difficult situation. Cohesion has been the collective belief of the Chinese public. External threats will not force their way into Chinese society.
China has no intention of benefiting from defeating other countries. China sincerely hopes that all parties will enjoy a win-win situation through interaction and cooperation. Diplomatic interactions between China and the US over the past few decades have served as a multiplier effect to boost their national interests. A trade war on a large scale is out of the expectations of both the Chinese government and Chinese public. There is no doubt that China is willing to push forward China-US economic and trade cooperation to keep pace with the times and bring the interests of both sides in line with each other. China has no strategic resistance to such cooperation.
However, the duress of unilateralism does nothing to help solve the problems between China and the US but rather it causes severe unrest and damage to both sides and the rest of the world. If China and the US can meet each other halfway and reach consensus on key issues, then the two sides will find a solution to the trade dispute that is acceptable to both countries and beneficial to the world.
After a lot of fine tuning, Chinese society has grown mature enough to deal with any profound changes there might be in the China-US relationship. Chinese people are well-prepared for any possible uncertainty in future trade talks. The path of China's development will not always be smooth and that is accepted by the Chinese public. Chinese people will not be surprised by any potential turmoil in China-US economic and trade relations, and they know China will handle it accordingly.
The meeting between Chinese President Xi Jinping and US
President Donald Trump on sidelines at the G20 summit in Osaka broke the
deadlock between the two countries sinceearly May. According to a
briefing by the Chinese side, the two sides have agreed to restart trade
consultations with the US declaring not to impose new tariffs on
Chinese products. Trump said his meeting with Xi was "excellent" and
"we're right back on track."
The G20 summit is being held in Osaka, Japan with the
most pressing global tasks and anxieties on the table for the group of
the world's largest economies. We are in an era where advancement and
problems coexist. Whether the problems can be seriously tackled depends,
to a large extent, on the attitudes of the leaders in Osaka.
The G20 Question: Will there be a truce in the trade war?
https://youtu.be/fb1AMTD9cDw
Robot monks in Longquan monastery, Zhen Robotics delivery bots, the AI-powered Baidu Park in Beijing, are examples of how far China has come technologically. Its tech rivalry with America is at the heart of the US-China trade war that has embroiled companies like Huawei.
The agreement reached between Chinese President Xi Jinping and his US counterpart, Donald Trump, at the 14th G20 summit in Osaka, Japan, is in line with the best expectations of international public opinion. Given the fact that the Sino-US trade talks have run hot and cold in the past, opinions are divided over whether the new round of trade talks will successfully do the job.
The agreement has broken the deadlock between China and the US. However, Beijing and Washington still face the arduous task of implementing the consensus reached between the two presidents while overcoming differences during the negotiations.
During the meeting, Xi and Trump clinched a deal to restart economic and trade consultations between their countries on the basis of equality and mutual respect. The US side also agreed that it will not add new tariffs on imports from China. These deals add new possibilities to end the year-long trade dispute between the world's two largest economies that has been deadlocked since May.
It is not a big surprise for Xi and Trump to reach such an agreement. The outcome is logical and guided by the principles of trade and economy. It is also in accord with the general expectations of the international community. Such a result is undoubtedly in the interests of both the Chinese and US societies as it frees people in both countries from the fear of an escalating trade war.
None of the business communities or general public in China and the US want a trade war against each other. In the US, the initiator of the trade war, the call to end the dispute is gaining more and more support. To sum up from all perspectives, the result of the meeting complies with the real expectations and desires of both societies.
Nevertheless, China-US trade tensions have not been completely settled. There is no winner in this current dispute. Public opinion in both countries will likely be critical of an "incomplete victory" against the other. It is a situation similar to the ice-breaking movement made by China and the US to solve trade issues last December. The US media has a tradition of thriving on criticism. In that case, some US media are expected to argue that Washington has made too many concessions to China. The Democrats will also take it as an opportunity to mount pressure on the US government. These uncertainties come from the US and are its own internal concerns.
The situation after resuming economic and trade consultations between the two countries is even more critical. It is worth noting that the Trump administration has repeatedly contradicted itself in the past. The complexity of the power structure of the US government, a divergence of opinion within the administration's team and the need to win the 2020 presidential election are foreseeable reasons for its reneging. Not only has China been on the alert for such changes, but also the international community has learned from the US' historically ambivalent attitude. It will take a while to see what the Trump administration will do this time.
As for China, it is important to keep a clear mind and strong determination in this situation. As it turns out, China's perseverance in the fight against the trade bullying policy of the past few months has played an important role in reaching a positive result with the US side at the Osaka summit. China is willing to work with the US to find solutions. However, it's getting more and more clear that China is not afraid of a trade war and will not be beaten by one. A strong image is essential for China to reach an equal and mutually respectful agreement in discussions with the US.
China is committed to a peaceful development policy. China has not been involved in any war, nor severe conflicts with other countries in the past 30 years. As a result, some people doubted the possibility of China standing firm and staying strong when confronted with strategic challenges. Now, they have a clear answer from China's performance during this dispute. China is under the strong leadership of the CPC central committee and the Chinese government has the courage to take responsibility and make decisive decisions. Chinese society has actively responded to the government's call, and the whole nation has shared the ups and downs of a difficult situation. Cohesion has been the collective belief of the Chinese public. External threats will not force their way into Chinese society.
China has no intention of benefiting from defeating other countries. China sincerely hopes that all parties will enjoy a win-win situation through interaction and cooperation. Diplomatic interactions between China and the US over the past few decades have served as a multiplier effect to boost their national interests. A trade war on a large scale is out of the expectations of both the Chinese government and Chinese public. There is no doubt that China is willing to push forward China-US economic and trade cooperation to keep pace with the times and bring the interests of both sides in line with each other. China has no strategic resistance to such cooperation.
However, the duress of unilateralism does nothing to help solve the problems between China and the US but rather it causes severe unrest and damage to both sides and the rest of the world. If China and the US can meet each other halfway and reach consensus on key issues, then the two sides will find a solution to the trade dispute that is acceptable to both countries and beneficial to the world.
After a lot of fine tuning, Chinese society has grown mature enough to deal with any profound changes there might be in the China-US relationship. Chinese people are well-prepared for any possible uncertainty in future trade talks. The path of China's development will not always be smooth and that is accepted by the Chinese public. Chinese people will not be surprised by any potential turmoil in China-US economic and trade relations, and they know China will handle it accordingly.
The meeting between Chinese President Xi Jinping and US President Donald Trump on sidelines at the G20 summit in Osaka broke the deadlock between the two countries sinceearly May. According to a briefing by the Chinese side, the two sides have agreed to restart trade consultations with the US declaring not to impose new tariffs on Chinese products. Trump said his meeting with Xi was "excellent" and "we're right back on track."
The G20 summit is being held in Osaka, Japan with the most pressing global tasks and anxieties on the table for the group of the world's largest economies. We are in an era where advancement and problems coexist. Whether the problems can be seriously tackled depends, to a large extent, on the attitudes of the leaders in Osaka.
The G20 Question: Will there be a truce in the trade war? https://youtu.be/fb1AMTD9cDw
After Huawei, U.S. blacklists Chinese supercomputers
https://youtu.be/uTTkfyvmTHc
https://youtu.be/ICU_g4jXpas
How did China lift hundreds of millions of people out of poverty?
https://youtu.be/SSfsvaDS5zU
CGTN starts first 5G smartphone livestream! CGTN首次5G移动直播
https://youtu.be/pSbaREOFpnA
Tech war exposes urgent need for talent
Trade war involves science, tech strength: Huawei founder
Chinese students have increasingly become interested in participating in math contests organized by elite US institutions. Photo: IC
The escalating China-US trade war, which has become a new cold war in technology, has made attracting talent an urgent task.
The recent call by the founder of China's Huawei to enhance the country's fundamental education system was echoed across Chinese society, while observers emphasized the importance of science and math.
In a recent interview with China Central Television aired over the weekend, Huawei founder and CEO Ren Zhengfei, whose company is now in the middle of the China-US trade battle, reiterated the importance of fundamental education and research instead of spending too much time talking about his company's future.
The 75-year-old entrepreneur said that he cares about education the most because he cares about the country. "If we don't attach importance to education, we'll actually return to poverty," he remarked.
Huawei's founder Ren Zhengfei meets the media in Shenzhen, South China's Guangdong Province, earlier this month. Photo: Courtesy of Huawei
The country's development relies on culture, philosophy and education, which are fundamental, Ren said. And the escalating China-US trade war involves strength in science and technology, which comes down to the level of education.
His remarks put the focus on basic education.
Wang Lixin, vice mayor of Shenzhen, a city that is often seen as the new Silicon Valley as it gathers hundreds and thousands of high-tech firms, said at a recent conference that fundamental research is important to not only Shenzhen but the whole country.
"In the 1980s, we often said if you learn math, physics and chemistry well, you will achieve anywhere. Then we had doubts, as working in finance, economy or design would earn you more money. Considering the current situation, it's time to bring up that slogan again," Wang was quoted as saying in media reports on Sunday.
As part of broader efforts to strengthen science and technology, Shenzhen, which is now at the forefront of the China-US tech battle, where tech firms such as Huawei and DJI being targeted by the Trump administration are located, has vowed to invest one-third of its science and research funding to fundamental research, to the tune of over 4 billion yuan ($580 million), reports said.
On China's Twitter-like Weibo, net users praised Ren's call and considered improving the country's education system as the most urgent task. "High-tech growth cannot be supported only by a huge amount of money. Only with continuous efforts in fundamental education can the goal be achieved," a netizen said.
A mother surnamed Song, who lives in western Beijing's Haidian district, said she has always insisted that fundamental education should not become a heavy burden for children. However, the escalating trade war, especially the Huawei incident, has made it more urgent to enhance the country's overall STEM education, she believed.
STEM stands for science, technology, engineering, and mathematics, and these academic disciplines are often seen as fundamentals for a country in a race for high-tech supremacy.
"I'm thinking about sending her to an afterschool training course on mathematics this summer," she told the Global Times on Monday, referring to her 7-year-old daughter, who is now living at an increasingly competitive environment.
Fundamental research
As the world's two largest economies spar over tech, Chinese industry representatives are considering enhancing fundamental education, including science and math, as a major task, especially after many Chinese parents have been complaining in recent months about the current dogmatic policies of stifling rising talent.
The authorities' latest move to ease the schoolwork burden on primary and middle school students also weakened science and math education, and the ban on extracurricular coaching for Olympiad-style contests issued in 2018 will seriously affect the cultivation of talented students in STEM, analysts said.
"This one-size-fits-all approach will hurt fundamental education in the country and make our children fall behind their American counterparts in the future, which needs to be corrected," Mei Xinyu, a research fellow at the Chinese Academy of International Trade and Economic Cooperation, told the Global Times.
The Ministry of Education issued a guideline in December 2018 to ease academic burden in primary and middle schools. The guideline says primary and high schools are forbidden from hosting math Olympiads to recruit students. The move follows a change in policy on stopping the awarding of extra points to students who have won academic Olympiads or science and technology competitions.
But parents also applauded the government's efforts to ease the children's burden, while some advocated a happy-elementary-education approach.
Ren said he attaches great importance to fundamental research, and the country should invest more in developing mathematicians, physicists and chemists instead of just pouring money into industries.
The US clampdown on Huawei, as part of the China-US tech battle, will stimulate technological self-reliance while boosting scientific research and innovation, as US sanctions also exposed the country's high-tech Achilles' heel due to Huawei's reliance on American technologies and core components reflecting the overall shortcoming in the sector.
It's becoming more urgent for Chinese tech companies to attract talent, as the tech war will eventually become a battle for more talent, analysts said.
"Our country has to have an awareness of crisis, and to clearly see the real gap between China and the US in education," Chu Zhaohui, a research fellow at the National Institute of Education Sciences based in Beijing, told the Global Times on Monday.
For instance, American students have a deeper understanding of natural sciences and mathematics, as they learn by following their own interests, he noted. "How to arouse the interest of Chinese students in science and technology, which will lead to better fundamental research, remains a challenge," he said.
Since the December 1 arrest, in Vancouver, of its chief
financial officer Meng Wanzhou, Shenzhen-based multinational
conglomerate Huawei Technologies Co has indisputably become the most
high-profile Chinese company by which ...
China is pushing forward technological revolution at all
levels, from government support and corporate participation to academic
exchanges and conversations among ordinary people, underscoring an
exceptional phenomenon where the entire country is immersed in technical
breakthroughs amid a trade and technology war with the US.
The issue of IP protection should no longer be a concern.
A large number of innovation-driven Chinese firms are playing a leading
role in different industries with no need to steal technologies. DJI's
production line in the US is perhaps the best way to respond to the
suspicion, so now the US can watch closely how Chinese companies “usurp”
US high technology.
While commercialization has become a common noun in a
world that's being propelled by business innovation, its usage in the
space sector remains something new, which is especially true with .
China's largest drone-maker said Tuesday its plan to
assemble drones in the US and make high-security government edition
drones aims to meet the increasing demand of the US market, rather than
respond to the security warning issued by the US last month, and the
company has no intention of moving its production facilities out of
China.
More than 1,900 politicians, business people, scholars
and media representatives from over 100 countries are expected to gather
in Dalian City, northeast China's Liaoning Province, to share wisdom
and solutions on globalization in the new era for the upcoming Summer
Davos.
