Nothing wrong in China developing its high-tech sector
In an interview with CNBC on Wednesday, former US secretary of state Condoleezza Rice said China had made a risky choice by disclosing its ambition of expediting the high-tech sector's development in a bid to surpass the United States in quantum computing and artificial intelligence.
What she said reflected the views of many US politicians, who believe China's efforts at upgrading its manufacturing sector would distort the global trade competition and challenge the US' dominant role in advanced technology.
These politicians also believe the Chinese government's support to the Made in China 2025 plan threatens the US' national security and its dominance in high-tech, while some claim the government's guidance and support to certain industries, subsidies to certain export companies and the leading role of State-owned enterprises in the Chinese economy also pose a threat to American businesses.