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, China surpassed the total of 3.82 trillion USD of the US. By the end of 2014, China’s gross domestic product at purchasing power parity was $ 17.6 trillion, which is higher than the U.S. $ 17.4 trillion.
In May 2015, China enacted the Made in China 2025 plan to rapidly develop 10 high-tech industries including electric cars, next-generation information technology, telecommunications, advanced robotics, and AI.
Other key areas covered include agricultural technology, aerospace engineering, development of new composites, the emerging biomedical sector, and high-speed rail infrastructure.
Semiconductors are very important to all electronic products. In 2014, the government’s national integrated IC industry development guidelines set a goal: China will become a global leader in semiconductors by 2030.
In 2018, China’s chip industry went from testing and packaging basic silicon packaging to designing and manufacturing higher-value chips. In the following year, the United States had to admit it was the world leader with nearly half of the global market share, but China became a major threat to the US position.
In 2019, for the first time since patent data was compiled in 1978, the United States no longer holds the position of filing the largest number of these patents. According to the World Intellectual Property Organization, China has filed 58,990 patents and the US has 57,840.
By 2019, leaders in consumer technology in the US will be Google, Apple, Amazon and Microsoft; In China are Alibaba (founded by Jack Ma), Tencent (Tengxun in Chinese), Xiaomi and Baidu.
Microsoft and Apple were respectively founded in 1975 and 1976. Amazon in 1994. And two years later, Google appeared. The first Chinese tech giant, Tencent, was founded two months after Google, followed by Alibaba in 1999, Baidu in 2000, and hardware maker Xiaomi in 2010.