Hong Kong (CNN Business)China’s efforts to become a global powerhouse in the technology of the future are under attack. But don’t expect it to beat a retreat.
Beijing’s plan to pump billions of dollars into areas like microchips and robotics to shed its dependence on foreign technology — known as “Made in China 2025” — has come under fire from the US government. And Washington is waging a campaign against Huawei, a Chinese tech champion that hopes to build the world’s 5G mobile networks.
Under pressure from US tariffs on exports and a deepening economic slowdown, China’s leaders are looking for ways to avoid further confrontation without putting those longer-term strategic goals at risk.