China will dominate the world of tech, Web Summit’s Cosgrave says - Al Jazeera
China will dominate the world of tech, Web Summit’s Cosgrave says - Al Jazeera
The founder of the tech summit, which will be held in Qatar next year, says the West has lost its lead on tech.
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In the coming decade, China will dominate technology because it has focused intensively on the important partnership between the public and private sectors with stunning results.
It's the "partnership between the public and private sectors" in particular that lost consumer and foreign government trust in technology originating from China.
How is China going to "dominate" anything when it's spent the last 20+ years shamelessly ripping off R&D through reverse-engineering and corporate espionage? What can it even claim of its own as true innovation?
Technology transfers have also been a large part of China's strategy, which results in large firms voluntarily transferring IP in exchange for large contracts. It's unfortunate that in many other places, we're still doing lowest bidder private contracting plagued by cost overruns.
China files more patents than the next nine countries combined: https://www.wipo.int/en/ipfactsandfigures/patents
China is first country to hold over 4 million domestic patents
The number of China's domestic valid patents does not include those held in Hong Kong, Macao and Taiwan.