China’s top science academy has warned of a potential “middle technology trap”, leading analysts who published the concept to warn of getting stuck at a critical stage needed to foster sustainable economic growth through innovation. In order to avoid this, China is calling on China to “open its doors.” .
The Chinese Academy of Sciences’ report in early December comes at a delicate time, with the United States tightening technology regulations while making it increasingly difficult for Chinese manufacturers to move up the value chain.
“Late-developing countries usually have difficulty in upgrading their industries and transitioning to high-income status because they lack their own technological advances after importing, imitating, absorbing, and tracking technologies. ” states the report.
The “middle technology trap” is when developing countries benefit from industrial transfer due to their low-cost advantages, but that advantage diminishes as domestic firms struggle to catch up with retained core technologies. This represents a scenario in which we face long-term economic stagnation. by developed countries.
The idea was first proposed in March by Zheng Yongnian, a prominent political scientist at the Chinese University of Hong Kong in Shenzhen, and his research team, but following recent tone-setting meetings, it has now become a matter of concern for the Chinese government. It is a matter of concern.
“In order to create new industries, new models and new momentum, we need to foster industrial innovation through scientific and technological innovation, especially through disruptive and cutting-edge technologies,” the statement said.
The concept of the “middle technology trap” is a sign of China’s escalating technology war with the United States, the diversification of global supply chains, and China’s efforts to gain an advantage in the global technology race to create new economic growth points. It was born out of efforts.
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According to a report by the Chinese Academy of Sciences, China’s manufacturing value added accounts for nearly 30% of the world’s total, close to that of the United States, Japan, Germany, South Korea and India combined.
Meanwhile, China ranks second in spending on research and development after the United States, while its technological capabilities remain third in the world.
The report warns that “China’s manufacturing industry is still located downstream of the global value chain and faces the risk of being held back in the lower and middle range by developed countries such as the United States, Germany, and Japan.” did.
And the world’s second-largest economy must embrace more open policies and fundamental reforms to achieve technological improvements, in addition to increasing spending to tackle tough challenges such as semiconductors, Hong Kong Chinese said. University’s Zheng said.
Zheng said in a July report that China needs to open up unilaterally to other countries even during a broader opening-up policy or decoupling.
“China needs to open its doors to attract international talent, and if it can’t bring in scientists from Europe or America, it can at least attract scientists from Russia, Eastern Europe, India and other developing countries. “Efforts should be made to attract them,” he wrote.
Zheng also said the Chinese government should open up the National Institute of Industrial Experiments to more private companies.
He added that China needs to reform its enterprise system so that state-owned enterprises and large private enterprises can share resources and expand supply and industrial chains.