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China Fast Closing Gap With US in Advanced Tech – SCMP

China’s global share of the advanced technology market leapt from less than 4% in 1995 to 21.5% in 2018, a new report says


Chinese tech entrepreneurs say they're looking to base their companies abroad amid concern over CCP policies and trade rivalry with the US.
Chinese tech entrepreneurs are trying to gain permanent residency or citizenship elsewhere, with most exploring options such as Hong Kong, Canada, Japan, the US and Singapore. File photo: Reuters.

 

China is fast closing the gap with US as its global share of the advanced technology market leapt from less than 4% in 1995 to 21.5% in 2018, the South China Morning Post reported, citing an Information Technology & Innovation Foundation report released on Wednesday.

In comparison, the US market share in seven key sectors, including IT and information services, computer, electronic and optical products and electrical equipment, declined from 24% in 1995 to 22.5% in 2018, putting its competitive advantage under threat, the report added.

Read the full report: South China Morning Post.

 

 

 

 

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Sean O'Meara

Sean O'Meara is an Editor at Asia Financial. He has been a newspaper man for more than 30 years, working at local, regional and national titles in the UK as a writer, sub-editor, page designer and print editor. A football, cricket and rugby fan, he has a particular interest in sports finance.

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