Exports to Russia from China grew by 41.5% in two months

12.03.2022       

In general, in recent years, China has significantly raised the level of its technological development, especially in the field of telecommunications and space technologies. Andrey Prokhorovich, CEO of Eurasia Development Ltd, says: “In many technologies, China may well replace Western countries. China has already overtaken the United States in telecommunications technologies, and in AI, EV, robotics, logistics, industrial IoT and other things, it is not inferior in any way. At the end of 2020, 720,000 5G towers were installed in China, in the USA or Russia — only dozens. Here it has already taken a leading position, and in robotics, China is not inferior to developed countries.

< p style="text-align: justify;"> Since the mid-2010s, one of the most important goals of China's technological development strategy has been to reduce dependence on Western technologies. However, the PRC has not yet fully implemented its program to replace foreign technologies and is extremely dependent on Western intellectual property, supplies of components and developments of European and American companies. If the US and its allies push for tougher sanctions, Beijing could find it difficult to strike a balance. Andrei Prokhorovich believes: “We are in a situation where trade dependence on China will increase, especially in terms of the supply of raw materials, technologies, the same components for cars and semiconductors. We will be able to replenish the import of some technologies in the short term, some cannot be replaced immediately. “The Chinese will now act very carefully, because they do not want to sacrifice relations with Western colleagues, — Tsyplakov says. — The situation is currently characterized by a high degree of uncertainty. further Forbes

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