BEIJING - A lack of innovation is China’s “Achilles heel”, President Xi Jinping warned in an article given high prominence by state media on Thursday, where he also bemoaned the economy for being big yet without being strong.
In the piece, re-published as the economy faces strains during a protracted trade war with the United States, Xi takes an unvarnished look at the problems the country faces. China’s technological prowess is still at the low end of the global value chain, and the “reserves” the country has for science and technology are far from enough, he added.
Lack of market access for foreign firms has been one of the causes for the current U.S. trade dispute with China, a complaint echoed by the European Union, China’s largest trading partner.
January 2016, interesting
Xi has failed so far to win against Trump! He has failed to make a trade deal and he has failed to get Ms Meng released by being timid to demand Trump release her! On USA orders to detain her in Canada, Xi has taken the coward act to punish an innocent Canada instead of USA!
Not for China it holds good for all countries
Still better than what Europe is doing... 😓
Also when all minds are on what might keep ur social credit score up or down , how can an individual take a risk? China lacks the individual freedom America has to be an innovation machine. America is a self winding clock of innovation because of individual freedom
When u do nothing but steal it makes u lazy . Why innovate when u can wait on America to innovate and then steal it . You can keep up like that but never get ahead
No, it's the state interference, coercion and corruption of the China Communist Party that's the Achilles heel. China will be a great country without the communist in power.
China is building massive world wide infrastructure projects on nearly every continent. How many countries is the US & Allies bombing right now today
When you shut out the world because you don't like winne the pooh, it makes it hard to come up with innovative technologies. Ofcourse using tech companies and their 5g I'm sure couldn't possibly be a way to steal some of that innovation from others.
That's never bothered them before, they just steal it. It's made even easier for them to ignore any copyright laws when large tech firms would rather have their products assembled by China's slave state workforce.
Self-awareness is very good.
XHNorthAmerica Want some suggestions?
They blame “the west” for their growing middle-class and resultant displacment of manufacturing jobs. Yet they claim to want innovation that isnt dependent on patent trolling western companies🙄
禁锢人民的思想，何来创新？
No worries, you can steal it from overseas competitors.