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媒体剪报 | Trump's move will hasten the pace of innovation
2018-04-02 15:36

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By restricting Chinese investment (and therefore mergers and acquisitions) in the US, Trump will make it even more difficult for Chinese companies to acquire technology and prohibit their US counterparts to tap into China's lucrative market. For instance, the win-win cooperation in the big data sector where the mergers and acquisitions of US small tech companies by Chinese enterprises offer technology to the latter and market access to the former will be put on hold.


However, the timely establishment of the State immigration administration will help China attract more tech talents and counterbalance the negative effects of Trump's move. Beijing has just introduced new measures to attract more overseas talents, including those from Silicon Valley. Besides, China's supply-side reform and the Belt and Road Initiative will help the country reduce its reliance on the US for trade and technology.


Actually, Trump's trump card in the trade war might prompt China to expedite the development of a more advanced and high-tech economy.


China can emerge from a Trump-instigated trade war as a winner if it hastens the pace of innovation in industries and technologies, and succeeds in attracting more talents from across the world with an open mind.


延伸阅读:

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