China may tweak its plan to dominate tech, but it won't back down - Lebanon news - أخبار لبنان

China may tweak its plan to dominate tech, but it won’t back down

China may tweak its plan to dominate tech, but it won’t back down

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.

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