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Asia Pacific

China is accelerating plans to replace US & foreign technology | Source: Forex Live

“China is trying to develop homegrown technologies,” said Dan Wang, technology analyst at Gavekal Dragonomics. “This effort is more serious now that many more domestic firms now share that political goal, since no one can be sure that U.S. technologies can avoid U.S. export controls.” This all makes sense given renewed US, and other countries, restrictions on tech exports to China.

Source: Forex Live


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