Tech-Nationalism Mounts: China and Block Rise

tech-nationalism mounts: Such initiatives have already drawn fierce criticism from the Trump administration, resulting in moves to block the rise of Chinese technology companies such as Huawei, according to The Japan Times. Nothing like this has happened before; this is China's gambit to win the global tech race, said Digital China Holdings Chief Operating Officer Maria Kwok, as she sat in a Hong Kong office surrounded by facial recognition cameras and sensors. As tech-nationalism mounts, the investment drive will reduce China's dependence on foreign technology echoing objectives set forth previously in the Made in China 2025 program. Starting this year, we are really beginning to see the money flow through. The government is expected to announce infrastructure funding of as much as 563 billion this year, against the backdrop of the country's worst economic performance since the Mao era. The technology investment push is part of a fiscal package waiting to be signed off by China's legislature, which convenes this week. (news.financializer.com). As reported in the news.

The content, information, trademarks and multimedia posted on this blog copyrights to their original owners and herein blogged in good faith for the purpose of commentary, speech, opinion and debate.

financializer news

A weblog highlighting financial topics making news in the international media.