China's intensified tariff war with the Trump administration is threatening Beijing's ambition to transform itself into the dominant player in global technology.
China's intensified tariff war with the Trump administration is threatening Beijing's ambition to transform itself into the dominant player in global technology.
All of this has helped make China an emerging heavyweight in telecoms, artificial intelligence and other fields. Yet the United States, Europe, Japan and other governments complain that Beijing has done so in part by stealing technology or pressuring foreign companies to hand over trade secrets. Abroad, Xi has been forced to overhaul his multibillion-dollar"Belt and Road" initiative to build railways and other infrastructure. In response to complaints that Beijing is saddling some countries with too much debt, the government has written off some loans and renegotiated contracts.
"Renewed weakening in China would rekindle financial market concerns about global growth risks," he said.
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