Caixin
Dec 25, 2018 07:37 PM
ECONOMY

China’s ‘Weak’ Research Can’t Break Foreign Technology ‘Stranglehold,’ Legislators Warn

A robot inspects a power substation for a Hangzhou railway on Nov. 30. Photo: VCG
A robot inspects a power substation for a Hangzhou railway on Nov. 30. Photo: VCG

China must beef up the development of key technologies to protect its economic security, top lawmakers have said, condemning the country’s insufficient spending on research and warning of a foreign “stranglehold” on technology.

The Monday report (link in Chinese) from the Financial and Economic Affairs Commission of the National People’s Congress, China’s legislature, comes months after the country’s reliance on foreign technology suppliers was highlighted when Washington barred U.S. companies from selling to Chinese telecom-equipment maker ZTE Corp. due to sanctions violations, forcing the firm to temporarily suspend operations.

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