Xi’s Tech Self-Reliance Push Leaves Europeans Wary of China R&D
- European firms grow hesitant about investments, survey shows
- Responses come as China pushes for more self-reliance in tech
China’s push to become self-reliant in the technology sphere is driving more European companies operating there to rethink their research and development plans, according to a report published Friday by the European Union Chamber of Commerce in China.
European firms are growing hesitant about investing in R&D in the world’s second-largest economy as the local firms they’d partner with — either state or privately owned — increasingly purchase and use products that are either wholly made in China or are completely devoid of US-linked components, said Joerg Wuttke, the chamber’s president.
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Xi’s Tech Self-Reliance Push Leaves Europeans Wary of China R&D