Is China stuck without US chips?

Published: Sept. 28, 2020, 8 a.m.

If business technology is a long-term, or permanent field of competition between China and the United States in the future, then discussing the core issues of business technology is not simply a specific enterprise or technology issue but about national potential and greater human dreams. 

What I want to say is that the issue of competition and cooperation between China and the United States is related to the destiny and specific direction of humankind. Because China has sufficient scale and historical independence, as well as profound cultural heritage and market space, from a longer-term perspective, it can nurture new standards and development logic. This is different from the development path of many countries. US cannot afford to lose but finds it too hard to defeat China

For example, if we follow the United States slow pace of developing 5G technology, I am afraid that it will take decades for the world to enter the 5G era. Were it not for China to take the lead in the 5G field, the global cost of popularizing 5G will at least double. It is like saying that if China hadn’t mastered high-speed railway technology, the possibility of cheap high-speed rail in many developing countries will no longer exist.

Many people may not understand what I mean. For example, the bullet train in Japan was built in 1964, but which developing country is it exported to? Since 2008, China has nearly 40,000 kilometers of high-speed rail, and high-speed rail has been built in several countries, including Russia, Saudi Arabia, Indonesia, Mexico and Turkey. Today, the cost of high-speed rail in Japan is still more than twice that of high-speed rail in China. I have been saying that delaying China's development is actually weakening the welfare of all humankind.

China Explained will show you that because of China’s continued success in industrial upgrading, technological innovation and realizing its huge potential, it is an unstoppable process. The inevitable rise of China may feel intimidating and some simply reject it. Don’t be. More importantly, we will answer the million-dollar question: how can you, as an individual or a small business owner, also profit from the rise of China ?

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