For China’s technology sector, the decision of the United States to hit Shenzhen-based telecommunications giant ZTE with a trade ban in April was an abrupt and painful wake-up call. Until then, many in China had grown accustomed to thinking of their country as a global leader in technology. After all, China’s smartphones, high-speed railways and e-commerce platforms were the envy of the world. But in the days following the ban, designed to punish ZTE for violating US sanctions on Iran and North Korea, it became clear that one of China’s most successful companies was totally dependent on American suppliers.
Essential numbers on China: from the RMB internationalization to the contraction in the luxury market, growth in e-commerce transaction value, and more
As it pushes for internationalization, what is Chinese smartphone maker Xiaomi up against?
Domestic smartphone brands are gaining popularity in China’s less-developed markets, forcing foreign brands to question their approach It was a bitterly cold December morning in China’s capital, with only a few pedestrians meandering along the icy sidewalk, lacking any great sense of purpose or urgency. The Apple Store they passed wore a forlorn look, which […]
Chinese companies ramp up training by setting up in-house universities to retain talent A couple of students sit outside a state-of-the-art training facility enjoying their break over a cup of coffee in a chic café resembling a luxury version of Starbucks. Soon they will go back inside and sit behind their desks in modern classrooms, […]
What is fuelling China’s push towards homegrown tech innovation? It’s the early 8th century and the court of the Tang Dynasty is buzzing. Yi Xing, henceforth to be remembered as famous innovator (and also astronomer, mathematician, mechanical engineer, and Buddhist monk) has just revealed his big invention: the world’s first mechanical clock. He sets the […]