"the United States needs a realistic, not hubristic, policy approach [to China]."
https://x.com/RnaudBertrand/status/1983155923192574333
If you weren't convinced yet that the US technology sanctions on China hurt the US more than they did China, please read this incredible report by the Information Technology & Innovation Foundation (ITIF), the world's leading think tank for science and technology policy.
They studied in depth the attempt by the US to kill Huawei (full report here: itif.org/publications/2) and their overall conclusion is that "sanctioning Huawei and attempting to cripple the company has proven to be hubristic and self-defeating" as "the only outcome was to weaken U.S. technology companies and strengthen Huawei and China’s innovation."
Among other things they found that:
- The sanctions had zero impact on Huawei's global market share: "it remains the world’s largest telecom equipment manufacturer, with a 34 percent global market share in 2024, up 2 percentage points from 2018."
- The sanctions hurt US companies first and foremost as "restrictions on doing business with Huawei caused U.S. companies to lose at least $33 billion in sales between 2021 and 2024." It also led Huawei to "successfully launch its in-house OS, HarmonyOS, which is now being rolled out on mobile devices, tablets, and laptops - potentially threatening U.S. firms’ market share in these sectors."
Last sentence of the report's conclusion: "the United States needs a realistic, not hubristic, policy approach [to China]."
posted by Satish Sharma at
00:53
0 Comments:
Post a Comment
Subscribe to Post Comments [Atom]
<< Home