Tag: us

Will China win the US in the technology war? (part 2)

China has established a high-tech industrial development area in Shenzhen in 1996. From 2002 onwards, the country began to attract Western multinationals that wanted to take advantage of tax exemptions and cheap qualified labor. By 2008, such foreign firms accounted for 85% of China’s high-tech exports. In 2006, the Chinese government issued a policy document …


Will China win the US in the technology war? (part 1)

Many experts believe that although China has emerged as a powerful technology power, it is not easy for China to overtake the US throne. Almost unaffected by the global recession in 2008-2009, China overtook Japan to become the world’s second largest economy in August 2010. In 2012, with import-export turnover amounting to 3.87 trillion USD, …