GLOBAL experts speak out after the Biden administration signed an executive order to restrict United States investment in Chinese technology.
Amid their differences in political behaviors and geopolitical pursuits, tensions between China and the US range not only in terms of trade and military warfare but also cover high-end technologies.
On August 9, US President Joe Biden signed an executive order aimed at restricting new US investments in sensitive Chinese technologies such as computer chips.
In response, international experts laid down their individual perspectives on the matter, with some accusing the US of not executing a fair competition with China and undermining its technological advances, while some said it is a strategy by Washington to redirect investments on US technologies.
“One of the things that we have to realize is that China is a leader in a lot of high-tech leading-edge technologies, like facial recognition and artificial intelligence, and quantum computing, already. So, I think one of the things that the United States is trying to do, is really playing a game of catch-up and trying to re-direct a lot of our investment into our own work in the same area,” William Lee, Chief Economist, Milken Institute, said.
“America is, for all intention and purposes, trying to undermine China’s advances across the board in terms of particularly developments around technology, artificial intelligence, quantum computing, and so on. The objective here is not to out-compete. That would be fair enough. The objective here is to hobble, to disable, to make it more difficult. That’s not competition,” Daryl Guppy, Financial Market Analyst, said.
The US attempts in its technological war against China mainly include trade sanctions, investment control, export control, and restrictions on the exchange of technological personnel.
China has learned to lay out its strategy in its ongoing tech war with the US as both economic powers compete for global technological supremacy.
