China urged to ‘fully evaluate’ wider impact of US tech war
Former tax official Xu Shanda also urged Beijing to prioritise boosting consumption and the confidence of China’s private sector
China should “accurately” judge the impact its tech gap with the United States has on international relations and productivity, a former tax official said.
Xu Shanda, a former deputy director of the State Administration of Taxation, also urged Beijing to prioritise boosting consumption and the confidence of the private sector in its latest reform plans.
In an article published by the Beijing-based SSEC Research Institute think tank on Tuesday, Xu said that China should not underestimate the impact of technological progress on international relations.
“The United States is now in an absolute leading position, not a partial lead, but it leads the system,” Xu said, citing the trillion-dollar market capitalisation of US’ most advanced information technology companies.
“This gap is not a gap with the United States alone, but a gap with the developed country system dominated by the United States.”
We must fully evaluate the impact of this gap on productivity and international relations
The US has taken technology, led by artificial intelligence, to a new stage, changing the structure of production and improving productivity, said the former official.
