India: Why the West is afraid of the technology nationalism of the Chinese dragon
last year in December, ended in favor of local innovative products in government procurement policy. Since then, the West think that China’s “nationalism” will become history. However, Beijing has recently emphasized the strategic emerging industries, which made the West wary.
China hopes to reduce the massive outflow of dependence on imported technology as well as royalties, and therefore decided to encourage local innovation. The use of local technical products will be given priority in government procurement of high-tech products. This discrimination caused by the split of local and foreign companies. Beijing has also committed significant resources to promote research and development and local innovation, designed to establish the “China” technical standards from global brand.
China’s strategic emerging industries, including seven areas: new energy vehicles, energy saving and environmental protection, information technology, biotechnology, high-end equipment manufacturing, new energy and new materials. Clearly, the industry will become the “core” areas of the country. The development of strategic emerging industries are particularly important in the context of China’s economic downturn. Expected that they will stimulate growth, improve the industrial added value.
However, to do so, will the West worry about state-led nationalism rose to a new stage?
the West think that China’s technology and innovation policy is only a pretext, similar to the practice of maintaining export competitiveness, such as subsidies to enterprises, providing preferential loans, etc., aimed at improving the global competitiveness of Chinese enterprises – in the Western companies It seems that these state-led stimulus measures and monetary policy is the main reason for China’s export success.
these views is correct? In view of the Chinese government has always act as a protagonist in economic growth, the above views is entirely possible that right. However, why the countries involved in the enterprise is not satisfied of other countries to promote technology and innovation will make it?
From the seven major strategic industries, so far there is no contribution. Global advantage in these areas the majority of Chinese overseas, mainly in the West. For Western companies, China’s domestic market represents a tremendous business prospects, but if entering the market is limited, and their future prospects will be dim. The long term, Beijing’s strategic emerging industries of large-scale investment, improve the local competitiveness of enterprises, more than their western counterparts, market access will become more difficult.
in a globalized world, the State may become the biggest promoters to build strength and promote growth. The West is not yet adapted to this. Beijing certainly would not care. It will continue to promote strategic emerging industries, to encourage innovation with a “Chinese” characteristics, like done in all other areas of the economy that.