US Not a Serious Tech Competitor With China: AEI Scholar
When it comes to tech competition between the U.S. and China, "America is not genuinely competing now, and never has," American Enterprise Institute Senior Fellow Derek Scissors wrote Wednesday. China has repeatedly seen the state identify important technology and then…
Sign up for a free preview to unlock the rest of this article
If your job depends on informed compliance, you need International Trade Today. Delivered every business day and available any time online, only International Trade Today helps you stay current on the increasingly complex international trade regulatory environment.
command development of it while providing various kinds of support, he said. Identifying those technologies is getting harder as China moves closer to the technology frontier, but state resources for support have grown enormously, Scissors added. Meanwhile, the U.S. "has no technology strategy at all," and U.S. companies and individuals are competing with China for profit, not national interest, with revenues and share prices often tied to helping China. Decades of the U.S. government doing little to punish Chinese firms for intellectual property theft and infringement make it "impossible to take American policy seriously," Scissors said. "While Beijing will always make foreign technology acquisition a cornerstone of its competition strategy, we have made its job easy."