China Surges Ahead in Tech Race, Fueling Bifurcation of Global Supply Chains
Summary
China surges ahead in semiconductors and biotechnology, accelerating bifurcation of global supply chains and data flows between China and US-led tech ecosystems, exemplified by Huawei's domestic revival despite global hurdles.
Key Points
- China rapidly advances technological self-sufficiency in semiconductors and biotechnology, accelerated by escalating trade tensions with the US
- The world faces bifurcation in supply chains, data flows and investment between China and US-led tech ecosystems
- Huawei's domestic revival exemplifies China's strides towards tech independence despite hurdles in global markets