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Surprise: China Isn't as Tech-Backward as You Think
ChinaThursday, November 14, 2024
Now, let's talk about how companies like Microsoft operate in China. It's a tricky game. They can only offer services that both the Chinese and U. S. governments agree on. Yeah, it's like walking a tightrope. Some industries, like those with big names like Mercedes or General Motors, have an easier time because regulators are more accommodating. But consumer services face stricter rules.
What about the future? Smith thinks we'll keep seeing competition between U. S. and Chinese companies in tech and AI. And he thinks the cure for success is collaboration. He suggests U. S. and European companies team up to spread technology around the world. That sounds like a smart plan, right?
You might be wondering, what's going on with U. S. -China trade and tech transfers under the new president? Well, it's still early to tell. But it's clear that the U. S. has been using trade restrictions and export controls to slow down China's tech progress.
So, next time you hear China is far behind in tech, think again. They're moving faster than you might think.
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