søndag 3. januar 2021

Tech to remain a tug-of-war between China and US in 2021 with Biden seen roping in allies to challenge Beijing on chips, apps, 5G and AI

If 2020 was  tumultuous for China’s tech sector, 2021 could be revolutionary. China will likely remain the global test bed for 5G services as network roll-out proceeds rapidly. It should also retain pole-position in the race for the world’s first sovereign digital currency. Achieving self-sufficiency in semiconductors will remain a work-in-progress though and tech investors may have some sleepless nights until the ramifications of Beijing’s new antitrust laws are clear.

Those hoping that the US-China tech war would follow the Donald Trump administration into the ash heap of history will be disappointed. The battle will continue although the tactics employed will likely change under a Joe Biden presidency, according to analysts the Post spoke to.

“The two countries will remain locked in a strategic competition for economic and technological dominance because [the idea of] being competitors rather than partners is now firmly held in both Beijing and Washington,” said Agathe Demarais, UK-based global forecasting director at The Economist Intelligence Unit (EIU).