China is gradually shedding its reputation as the world’s technology copycat. It still spawns lookalikes, whether they be GoPro-style action cameras or Didi Chuxing, a ride-hailing app that looked awfully like Uber until it added Chinese characteristics and vanquished its former rival. But some Chinese companies are also leading the way in new services and business models.
President Donald Trump blocked a Chinese-backed investor from buying Lattice Semiconductor Corp., casting a cloud over Chinese deals seeking U.S. security clearance and spurring a call for fairness from Beijing. It was just the fourth time in a quarter century that a U.S. president has ordered a foreign takeover of an American firm stopped on national-security concerns.
In recent months, China has quietly given the United States a series of new “Sputnik Moments”--not as dramatic as a radio beacon from overhead, but just as significant as a challenge to American technological leadership. And as U.S. debates have focused on trade deficits and recovering manufacturing jobs, Beijing has achieved the scientific and technological feats that herald its arrival as an innovation superpower.
For many Russian students, the academic year started last Friday with tips on planetary domination from President Vladimir Putin. “Artificial intelligence is the future, not only for Russia but for all humankind,” he said, via live video beamed to 16,000 selected schools. “Whoever becomes the leader in this sphere will become the ruler of the world.”
“China’s Rise in Artificial Intelligence,” explains that the country is using AI to drive economic progress, and is therefore emerging as a major global contender in the field. Part of the reason for this is because both private industry and the government have identified machine learning and AI as the next major sources of innovation.
"DJI has done everything right," said Chris Anderson, co-founder of 3DR, which had been the No. 2 drone maker but has transitioned into an aerial software company, helping companies precisely capture images and data. "They've innovated. They have globally branded and distributed, which is unusual for a Chinese company."
China's stronghold as the leading BRICS economy could be up for contention by the end of the next decade, according to a new report which suggests that India is set to see a surge in innovation. India's innovation growth rate is expected to rise significantly over the next 15 years, placing it ahead of Russia and close to surpassing China, the study from China's Science Technology Exchange Center said Wednesday.
China said it will encourage more consumption of information technology-related products and services to help promote innovation and support economic growth.
China sees the use of Section 301 as an act of aggression because it allows the American president to act against the Chinese economy without consulting the World Trade Organization (WTO). China has been a member of the organization since 2001. The use of Section 301 fell out of fashion around that time because US leaders didn't see the point of using it anymore as the WTO's framework had more legitimacy. Even allies were complaining about its use.
Following President Donald Trump's recent executive order regarding China’s handling of technology and intellectual property, the U.S. Chamber of Commerce issued a response imploring the two nations to come to mutually agreeable terms.