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American attempts to stifle China’s technological progress in order to ‘win 21st century’ are failing

10 20 1
07.08.2021

A new study by Harvard’s Growth Lab has found that “the technological level of China’s exports increased through the trade war with the US, according to a new ranking, which predicts the Chinese economy will grow faster than India’s over the next decade.

It further states that the “complexity of China’s exports” has rapidly caught up with that of the US, from being half that of its rival 20 years ago to a near parity now. The study also suggests China is overcoming the impact of Washington’s tariffs and technology wars against it, an effort by the US which has been relentless, by increasing its high-tech exports to other regions.

Growth Lab manager Tim Cheston is cited by Bloomberg as saying that “Chinese exports are now at the level of having nearly filled all known areas of global products.” Their primary goal now is to “move from taking know-how from across the world, into true innovation,” he adds.

The study comes amid growing pressure from American business leaders and groups to remove tariffs on China, claiming that these have been damaging, a claim which was swiftly dismissed by the White House.

The study's findings nicely illustrate the predicament the US faces, and why, for that matter, it is so obsessed with blacklisting Chinese firms and attempting to block their rise in high-end technology. However, it is also a sharp indication that those efforts are not yielding results, and will not slow down China’s growth trajectory. What we are seeing now is a phenomenon whereby China "moves up the global supply chain" through increasing technological prowess, not out of it, as some would hope.

While China is always known for manufacturing and exports, the term ‘Made in China’ has traditionally, albeit misleadingly, represented a cheap, low-end product of a poor quality. But that........

© RT.com


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