Big Take Asia
The US Pledged to Contain China’s Tech Ambitions. It’s Not Working
Oct 29, 2024
Rebecca Choong Wilkins, Bloomberg’s Asia government and politics correspondent, dives into the intense tech rivalry between the US and China. She discusses how China is making significant advancements despite US tariffs and sanctions. With the upcoming presidential election, the dynamics could shift. Wilkins also highlights China's strategic countermeasures, like stockpiling semiconductor equipment, and examines the implications of US actions against companies like Huawei. The conversation reveals the complexities of curbing China's tech ambitions amidst escalating tensions.
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Quick takeaways
- China's strategic government intervention through the Made in China 2025 plan has resulted in significant advancements in key technological sectors like solar energy and aerospace.
- The U.S. is reevaluating its approach to China, with contrasting presidential candidates suggesting either extreme tariffs or collaborative strategies to address technological competition.
Deep dives
Understanding China's Technological Advance
China's progress in key technological sectors is significantly attributed to its 2015 Made in China 2025 plan, which focused on achieving self-sufficiency and global competitiveness. The plan highlighted priority areas, including aerospace equipment and energy-saving vehicles, where China has emerged as a leader in sectors like solar panels and unmanned aerial vehicles. By mobilizing resources in response to governmental priorities, the Chinese economy has been able to rapidly accelerate its advancements. Nearly a decade later, research indicates that China has prominently achieved global leadership in several of these technologies, showcasing the effectiveness of strategic government intervention.
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