A U.S. technology group said in a report on Thursday that China's mercantilist industrial policies were a risk to the global economy and trading system, and called for international pressure on China to force a policy "reset". The report coincided with the release of a separate paper by an influential U.S. business chamber criticizing Beijing's "Made in China 2025" plan, which aims to dramatically increase domestically made products in 10 sectors, from robotics to biopharmaceuticals.
By the early 2020s, rivalry for industrial innovation will accelerate between the U.S. and China. Ironically, the Trump White House has opted for a poor-economy industrial policy, whereas China has a rich-economy policy. The former seeks past glory; the latter cannot wait to get to the future.
China's industry minister on Saturday defended a manufacturing development plan and rejected complaints foreign makers of electric cars and other goods might be pressured to hand over technology or forced out of promising markets. Miao Wei, minister of industry and information technology, tried to reassure foreign companies that the "Made in China 2025" industry plan treats all companies equally.
Although China could initially only observe the advent of the Information-Technology Revolution in Military Affairs, the People’s Liberation Army might presently have a unique opportunity to take advantage of the military applications of artificial intelligence to transform warfare. When the United States first demonstrated its superiority in network-centric warfare during the first Gulf War, the PLA was forced to confront the full extent of its relative backwardness in information technology.
A European business group says China is violating its free-trade pledges by pressing foreign makers of electric cars and other goods to hand over technology under an industry development plan that is likely to shrink access to its markets.
Collectively known as the BAT, China's giant technology companies that dominate search, e-commerce and mobile messaging in their home market are going global. The United States is their primary shopping place to diversify and build out their brands. The hunt is on to acquire or buy into fast-growing young companies in a broad range of the hottest tech sectors, such as virtual reality, fintech, social media, video games and mobile apps.
As tech innovations unfold, China is stacking up to the United States as a leading force. Global tech industry leaders indicated, in KPMG’s tech innovation survey, the United States and China are the world’s dominant tech epicenters with the greatest potential to develop disruptive technology breakthroughs that will have a global impact. The strong showing for these two mega-powers is relatively consistent with earlier KPMG surveys, although this year’s poll reflects a slight uptick for China—25 percent compared with 23 percent the prior year.
Though other countries have made significant strides in innovation development, the U.S. and China continue as the most promising markets for technology breakthroughs that have global impact, according to KPMG's 2017 global technology innovation report. Given their country ranking, it's not surprising that cities in the U.S. and China are expected to make up six of the Top 10 innovation hubs, outside of Silicon Valley/San Francisco, over the next four years.
Last year, India had the most graduates of any country worldwide with 78.0 million while China followed close behind with 77.7 million. The U.S. is now in third place with 67.4 million graduates, and the gap behind the top two countries is widening.
While the U.S. Navy has long enjoyed freedom of action throughout the world’s oceans, the days of its unchallenged primacy may be coming to a close. In recent years, a number of countries, including China, Russia, and Iran, have accelerated investments in anti-access/area denial (A2/AD)capabilities such as advanced air defense systems, anti-ship cruise and ballistic missiles, submarines, and aircraft carriers. These capabilities are likely to proliferate in the coming years, placing greater constraints on U.S. carrier operations than ever before.