Trump Will Strengthen China's Tech Self-Reliance
Beijing is focused on the long run, and the president-elect’s past policies didn’t stymie its high-tech ambitions.
The battle is heating up.
Photographer: Qilai Shen/BloombergThe US presidential election may be over, but the battle with China for high-tech supremacy is just heating up. And if past is prologue, President-elect Donald Trump will only strengthen Beijing’s push for self-sufficiency.
Trump’s looming second trade war could also have major consequences for US technology companies with exposure to China, though these likely won’t be even. Firms on both sides should brace for a bumpy next four years, but over the longer term it’s likely that Trump’s antagonism of allies, cozy relationship with Xi Jinping, and transactional approach could provide opportunities for Beijing’s broader ambitions.