Attention has been focused on the expected purchase of Bytedance’s Tiktok by Oracle, but authorities in Beijing fear this will only be the start of more pressure on Chinese tech companies, says political economist Shirley Yu on CNN.
CNN:
“Beijing wants to protect its ascending status in global technology,” said Shirley Yu, visiting fellow at the London School of Economics and founder of an eponymous company that assesses strategy, business, and political risk for companies working in China.If the United States succeeds in forcing TikTok to sell key tech to an American company, “China would be concerned that, as its technology companies continue to ascend, more Chinese companies … might be targeted by the United States in a similar way,” she said.
Shirley Yu is a speaker at the China Speakers Bureau. Do you need her at your (online) meeting or conference? Do get in touch or fill in our speakers’ request form.
Are you looking for more experts on the ongoing fight between China and the US? Do check out this list.
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