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As Trump Targets China's High-Tech Rise, Xi Strives Even Harder

  • Xi says China must ‘cast aside illusions and rely on itself’
  • China-U.S. trade talks reach a critical juncture in Beijing
Bloomberg business news

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Donald Trump’s attempt to stem China’s technological advance could already be backfiring.

His counterpart, President Xi Jinping, has responded to tech-focused pressure from Washington, including a ban on a leading Chinese telecoms company buying American parts, by vowing to pour even more resources into research and achieve home-grown breakthroughs. He urged China last week to “cast aside illusions” it could rely on others for help.