US-China trade war turning into tech war
Chinese President Xi Jinping has stressed the need for self-reliance and innovation in a rallying call to the country to prepare to fend off various long-term challenges from the United States.
“Technological innovation is the root of life for businesses,” Xi said on Monday on a visit to Jiangxi province, state-run news agency Xinhua reported. “Only if we own our own intellectual property and core technologies, then can we produce products with core competitiveness and [we] won’t be beaten in intensifying competition.”
Xi’s comments, broadcast across the country on Wednesday night, came after US President Donald Trump signed an executive order effectively banning products made by the Chinese telecoms equipment maker Huawei Technologies from the US market.