Samstag, 17.08.2019 16:47 Uhr

The beginning of a technology cold war era

Verantwortlicher Autor: Carlo Marino Rome, 04.06.2019, 11:44 Uhr
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Rome [ENA] In today’s fast-paced world, there is a new global scenario implicating actors such as Google, Huawei, Apple, and Trump. Limiting the rise of People’s Republic of China as it is becoming the economic superpower and technology giant of the 21st century is by now the uncovered goal of the USA. The continuing entry of tech giants in the market of banking services, in fact, could have a sweeping impact on the financial

industry. It has already been changing the structure of the market and the relative weight of its various actors, recommending regulators and policy-makers to ensure a level playing field. Far from being the end of a trade war, what the world is directly assisting it is the very start of a battle for supremacy in technology and economy between the U.S. and People’s Republic of China. From tariffs and levies to the Huawei ban, the global tech industry is at the center of an escalating cold war between the US and People’s Republic of China. This is as much about Chinese intellectual property theft as it is about trade and trade deficits.

A growing number of companies around the world followed Huawei Technologies ban from doing business with the U.S. by the Commerce Department, further isolating the China-backed networking giant and raising the risk of retaliations from Beijing. Better strategies and more growth will spur People’s Republic of China to adapt with the new scenario. PRC is going to repel in the decades to come and the U.S. seems walking on hazardous ground. The rise of a New China empire is not imaginary. Beijing’s regime is of a completely different order and does not play by the rules of democracy. People’s Republic of China has a battery of technology companies: Alibaba, Tencent, Xiaomi, China Mobile, ByteDance, Meituan, JD.com and dozens of others.

These will soon challenge those of the United States. Huawei making its own mobile operating system is a relevant example where Google and Apple have monopolies on the mobile system of the internet. Therefore, it is clear that Huawei has never been a blind follower and continued to innovate to stay ahead of the technological curve. It seems the world is facing the beginning of a technology cold war era where aggressive tactics are useful to dominate the world. Huawei’s Plan B operating system means Huawei is serious about competing against Apple and Google. Huawei is growing at an incredible speed and undoubtedly, it is able to do so with funds from the Chinese Government.

Huawei invests more funds and personnel in data applications. Little is known about Huawei’s homegrown HongMeng OS, but Huawei so they say calls it “Project Z,” internally. This is as if China attacked Google. In reality, there is no Western equivalent to Huawei. Huawei is one of the biggest tech companies in the world — the company’s 2018 revenue exceeded $100 billion, and it employs nearly 200,000 people. Huawei will overtake Apple and eventually Samsung in smartphone sales, but it does so much more. U.S. actions have increased the risk of a trade war, as well as a global economic recession and Beijing will take any steps needed in order to protect the interest of Chinese firms. Anti-American Sentiment in Mainland China will increase.

People’s Republic of China’s state media is saying that America is trying to invade China’s economic sovereignty. Anti-American rhetoric is heating up and consumer sentiment in China will have a tendency to be more vulnerable with the tariffs. China is also going to explore the ‘Belt and Road’ market to export its 5G infrastructure technology and associated equipment. People’s Republic of China’s technological, economic and artificial intelligence plan seems very scrupulous.

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