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China US trade war creates a new technological landscape



China's President Xi Jinping stands by national flags.

Johannes Eisele AFP | Getty Images

Global markets have rallied on the rethink of US-China trade talks following President Donald Trump's and President Xi Jinping's meeting this weekend, but analysts say China is already adapting to change and that trade (and especially technological) relations will never be the same again.

Meeting on the sidelines of the G-20 summit in Japan this weekend, Trump and Xi agreed to reign telling trade negotiations and pledged to keep on new tariffs on each other's imports. Predictably, and perhaps short-sighted, financial markets increased on Monday.

Although there was nothing more detailed about a possible trade agreement, Trump suggested that he could ease restrictions on US technology exports to Chinese tech giant Huawei, with warnings, even though the Company had been described as a national security risk. The devil, as always, is in detail, analysts noted.

"Potential partial relief from US restrictions on exports to Huawei represents slightly more de-escalation than expected, but the details remain unclear," Goldman Sachs & # 39; financial research team said in a comment this week that responded to Trump-Xi meeting.

Close watchers of the trade war, and especially its impact on the technical environment, have said that what is happening in the talks now, business relations between the United States and China will change and perhaps worse.

"Everyone will be happy that the talks start again," said Hans-Paul Burkner, head of the Boston Consulting Group, CNBC at the World Economic Forum in Dalian, China on Monday. "But it is clear that the frictions must be expected to continue, and the business must diversify supply chains and reconsider how to truly spread its portfolio worldwide to be less vulnerable."

He predicted that "We see a" significant movement "of production from China to other parts of the world by both Chinese and international companies, and he also anticipated the possibility of an era of" two technological worlds "if Chinese and American technology companies ended An era of mutual supply and ease of use.

"Ideally, we hold a competition area and we are able to cooperate with each other and compete with each other around the world. But there is the possibility that we really want two tech worlds, one Chinese and one American, hopefully it doesn't come to it, but it's not impossible. "

The 1

8-month trade war between the United States and China has been widely seen as a blow to technology. In fact, a defining motive for Trump is what he sees as China's unfair commercial practices and the theft of US intellectual property. The restrictions imposed on US technical sales to Chinese companies, ultimately helping China force it to develop its own innovations.

Henrik Naujoks, partner of Global Management Consultancy Bain & Company, told CNBC Monday that China is making "huge" progress described as a "race between the United States and China on technology. "Meanwhile, Ben Harburg, a managing partner of MSA Capital, characterized Trump's apparent concession on Huawei as a" statement "and said it would give the tech firm time to develop its own chip capacity and operating system.

" Large amount of capital and talent should be thrown by building self-reliance and establishing a kind of parallel technology ecosystem here (in China) without reliance on US chips (and) operating systems, "he told CNBC Monday. Finally, American companies stood to lose out of this world as changed Chinese companies want to source their components locally and sell them in China and emerging markets.

"US hardware companies like Apple have priced out of markets like Africa, so if US chips don't come in there, then the Chinese chips go into the phones sold locally. "


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