China-US tech war

News of young employees dying from overwork at major Chinese tech companies are not unheard of. Last December, a 22-year-old female employee at e-commerce giant Pinduoduo died after working long hours past midnight. China's intense efforts at increasing national competences in new and advanced technologies have seen it moving up the value chain from a low-cost manufacturer to an innovator in science and technology. But is the “996 culture” of working from 9 am to 9 pm, six days a week, feasible and sustainable?

Taiwan’s semiconductor industry has been making waves not just domestically, but internationally. Zaobao correspondent Woon Wei Jong examines why for Taiwan, strategically and economically, possessing advanced semiconductor technology is as good as striking gold.

Amid greater efforts at achieving greater self-sufficiency in developing core technologies, China will turn to an erstwhile resource it has depended on — the state — to move forward. But will state-controlled venture capital funds be nimble enough to catch the next wave of tech innovations? And judging by the regulatory clampdown on Ant Group and others in recent months, a key preoccupation of 2021 will remain growing the digital economy while trying to rein in digital giants.

US-based researcher Wei Da feels that both China and the US need to make significant adjustments in their relations with each other, or else the scenario of a new Cold War and a real threat of hot war will not be far off. Who needs to understand that the world is different now, and adjustments have to be made? And who is the more backward party that has to adjust more?

Over the past few years, and especially in the past few months, the US has been painting China as its biggest threat and even enemy. Are these claims valid or exaggerated? What does it mean for the incoming Biden administration, and will it be able to improve China-US relations? Economics professor Zhu Ying explores the topic.

Adherence to IP protection and the rule of law are common and valid concerns of US and Western practitioners doing business in China. Commentator Deng Qingbo says that in that light, China’s recent stated focus on technological innovation should be cheered, as science, rational thinking, abiding by the rules, and even democracy often go together. At the same time, the Chinese need to better communicate their desire to share the fruits of their technological advancements with the rest of the world.

Motivated by its rivalry with the Soviet Union, the US focused its resources on becoming a science and technology giant after World War II. Now, in competition with China, can the US muster a "whole-of-nation" approach to regain a clear dominance in science and technology?

Both the mainland and Taiwan are aware of the need to wrestle for top research talents and spur their semiconductor industries to greater heights. Taiwanese firms in particular have made great strides over the years. With mainland Chinese companies scrambling to counter suppressive moves by the US, access to Taiwanese talent and expertise will be of even greater economic and political importance.

Post Covid-19, while it seems that a world economy with two centres of dynamism — one America, the other China — is setting in, and “decoupling” and “deglobalisation” are becoming catchwords of the new era, academic Zha Daojiong notes that there are a few bright spots amid the gloom. Moreover, the new normal in China-US relations may be more stable and less worrying for Southeast Asia than commonly thought.