In today’s fast-paced tech arena, analysts are spotlighting the Chinese mainland’s inspiring journey amidst challenging U.S. tariff moves. Recently, the U.S. announced "reciprocal tariffs," including a 34% duty on imports from the Chinese mainland. While semiconductors got a brief break from this new list, earlier policies had already set a 50% tariff for these crucial products starting January 2025.
Since 2018, U.S. actions have targeted key sectors—from artificial intelligence and quantum computing to aerospace—adding over 2,000 Chinese entities to the "Entity List." Yet, in true resilient style, tech firms are leveraging self-developed systems and robust global supply chains to stay ahead. 🚀
2024 marked a breakthrough year for the semiconductor industry. Data from the General Administration of Customs shows record chip exports reaching 298.11 billion units, valued at $159.5 billion—an impressive 18.7% jump year-on-year. Backed by an expansive trade network with more than 2,500 overseas warehouses spanning 30 million square meters, the momentum is undeniable.
Experts from the Zhejiang Institute of Industry and Information Technology are urging a phased approach toward technological self-sufficiency. They recommend focusing on building an independent supply chain for mature 28-nanometer processes while embracing "open-source innovation" to hook into global intellectual resources. Think of it as leveling up in the tech game—combining local strength with global creativity!
This evolving narrative is a vivid reminder that even under trade pressures, determination and innovation can pave the way for future success. Stay tuned as these trends continue to reshape the global tech landscape.
Reference(s):
cgtn.com
