“China’s Technology to Become a Leader, 5G is Only One of Them”

The US Department of Justice accused Huawei of 5G telecommunications equipment, “not enough to believe”, and advocated the US ban. CNBC takes stock of China’s investment and strives to become the world’s technology leader. In addition to 5G, there are AI (artificial intelligence), financial technology, blockchain, and even smart phones.

According to CNBC, China has only been regarded as an imitator in the field of science and technology, but China is now seeking to become a leader in the technology that is crucial in the future.

CNBC held the East Tech West Global Technology Conference in Nansha District, Guangzhou, and talked about the following areas of technology.

Artificial intelligence (AI) is a collective term for a series of computer-like human brain decision-making techniques. The Chinese government set a plan in 2017 to build a 1 trillion RMB AI industry in 2030 and become the world’s AI leader.

The US think tank “Foreign Relations Commission” (CFR) report that although the United States is still leading in scientific research, China is also catching up. Even if China does not necessarily catch up with the United States, China will soon become a major AI leader in the world.

Financial technology
China’s financial technology is developing in a blowout manner. Information technology consultancy Accenture data indicates that as many as 46% of the $55.3 billion in global financial technology investments in 2018 are from China.

Chinese companies Alibaba’s Alipay, Tencent’s WeChat payment and other electronic payment services have long been familiar. Users can borrow money from other users and bypass traditional banks.

smart phone
According to market research firm IDC, Huawei has surpassed Apple at the beginning of this year to become the world’s second-largest smartphone maker, second only to South Korea’s Samsung; the fourth and fifth-ranked Xiaomi and Vivo are also Chinese brands.

CNBC described that Chinese mobile phones have always been referred to as foreign brands such as Apple, but in recent years they have gradually moved toward independent innovation.

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China’s mainland has officially launched 5G commercials at the end of October, preparing to launch 5G networks in large cities and then expanding the country. The US Federal Communications Commission (FCC) warned that US 5G technology is lagging behind China; the Trump administration is trying to lead countries to block Huawei, the leader of China’s telecommunications equipment, in the name of Guoan.

Despite this, China is expected to remain the world’s largest 5G market. The International Telecommunications Industry GSM Association expects that China’s 5G network will cover 460 million people in 2025, and the number will be higher than the sum of North America and Europe.

Blockchain is an important technology behind virtual currency. It is like a “decentralized” account book. It is basically impossible to tamper with it. In addition to virtual currency, blockchain technology is now expanding to include financial and food applications.

Chinese President Xi Jinping has strengthened the blockchain in October, saying that it is necessary to accelerate the development of blockchain technology and industrial innovation, and to integrate the blockchain and the real economy. According to the analysis, under the government-led national model, the government has shown its determination that the blockchain technology will develop at a higher speed than the local governments and set standards for the world.


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China's Technology to Become a Leader, 5G is Only One of Them - /10


The US Department of Justice accused Huawei of 5G telecommunications equipment, "not enough to believe", and advocated the US ban.

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