China has new US$1.4 trillion plan to seize the world’s tech crown from the US

//China has new US$1.4 trillion plan to seize the world’s tech crown from the US

China has new US$1.4 trillion plan to seize the world’s tech crown from the US

Beijing is accelerating its bid for global leadership in key technologies, planning to pump more than a trillion dollars into the economy through the roll-out of everything from next-generation wireless networks to artificial intelligence (AI).In the master plan backed by President Xi Jinping himself, China will invest an estimated 10 trillion yuan (US$1.4 trillion) over six years to 2025, calling on urban governments and private hi-tech giants like Huawei Technologies to help lay 5G wireless…

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By | 2020-05-21T00:27:45+00:00 May 21st, 2020|Technology|Comments Off on China has new US$1.4 trillion plan to seize the world’s tech crown from the US