According to a development plan for China’s software and information technology (IT) service industry from 2021 to 2025, China is expected to significantly expand its capacity for developing key software and build two to three open-source communities with international influence by 2025. Meanwhile, China’s giant state-owned enterprises are also rushing to crank up domestic purchases of innovative IT applications under government pressure.
With the 20th Party Congress just days away, Zaobao correspondent Chen Jing looks at the government’s economic policies and actions over the past decade, including its cleanup of the technology and education sectors, and pandemic lockdowns. How has the party responded, and what impact has there been on the people?
In a recent internal memo, Huawei founder Ren Zhengfei did not beat around the bush in warning of the dire global economic situation. Zaobao associate editor Han Yong Hong notes that Ren is merely being candid about what has already been iterated by heads of states and economic experts. Amid a war in Europe, supply chain disruptions, geopolitical tensions and domestic economic troubles, can China hope for a recovery in the foreseeable future?
China’s Big Fund has come under scrutiny following a series of high-profile corruption investigations involving key persons in the chip industry. The CHIPS Act was also recently signed into law in the US to counter China, which makes things even more difficult for the sector. Zaobao correspondent Chen Jing speaks to industry experts to find out how the Big Fund can come out of this crisis.
In the second of a seven-part Lianhe Zaobao-Business Times series on China and ASEAN, Zaobao senior correspondent Chew Boon Leong looks at the strategies adopted and challenges faced by China’s tech companies in Southeast Asia.
Huawei has long denied that it will enter the auto manufacturing industry. Instead, the company has emphasised its partnership with automakers to build autonomous driving technology. However, since the launch of a luxury electric SUV, the M5, the market has begun speculating whether Huawei’s stance on the auto business has changed.
Huawei’s digital talent programme in Indonesia is contributing to China’s soft power as the latter seeks to engage Indonesia as an important node of its Belt and Road Initiative. Indonesia stands to gain from the exchange but also needs to be wary of possible cybersecurity concerns.
Unlike the Soviet Union, China has an arsenal of economic tools at its disposal in wooing US allies. This is plainly seen in the UAE-China relationship, in which bilateral trade in 2021 was more than double that of UAE-US trade for the same period. Security and defence ties are also strengthening. As dictated by the laws of the free market, the one who offers the best deal wins. As such, the US will have to do better than just rely on coercive tactics.