China Moves to Protect Its Tech as the US Trade Dispute Rages On
Indeed, it has gotten to the point where China is creating a system to protect Chinese technology companies which may be hindered by a lack of access to American technology.
It’s no secret that things — international trade — is not going well right now between the U.S. and China.
China is currently building a super-strength firewall in order to avert China’s innovation ability from being neutered by any impending U.S. trade embargos, as reported by The People’s Daily newspaper.
The newspaper also noted that China is doubling down and focusing on innovation and acceleration programs involving the development of key technologies which can help bridge any gap left by the restricted or zero access to American technology.
As a main paper of the ruling Communist Party noted: “China… will never allow certain countries to use China’s technology to contain China’s development and suppress Chinese enterprises.” China is calling the move a “national technological security management list.”
Their actions come directly after the U.S. announced a restriction of sales to Huawei Technologies and other Chinese tech and communications companies, mainly citing national security issues.
In May, the U.S. Commerce Department added Huawei to a growing list of companies “engaged in activities contrary to U.S. national security or foreign policy interests,” notes the ABC News article.
Huawei’s addition to the restricted list means that in order for an American company to work with the Chinese company, a Commerce Department approval will be needed.
Predictably, China responded by saying they would do basically the same thing — make their own list of unreliable foreign entities, probably with the U.S. right at the top spot. It seems that the two largest economies are as far apart as ever in this particular dispute.
