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Amid mistrust between the neighbours, Beijing and Tokyo discuss supply chains, investment and potential green tech cooperation.
Core technologies are China’s Achilles’ heel, despite having the world’s strongest industrial manufacturing capability, and they are proving easy prey for Washington in its strategy of tech containment.
Without foreign technology, it could take at least 20 years for China to regain lost ground, industry consultant says following Washington’s latest move to restrict access to advanced chip-making equipment.
The furore over the balloon is a diplomatic disaster for China and a boon to US hawks at a time when the world needs the two sides to repair relations. It would be tragic if the incident prevented the start of a better-tempered discussion that hauls China and the US back from unnecessary conflict.
Shenzhen-based Luxshare expects to increase its business in the telecommunications and auto industries amid global supply chain realignments.