The world will create a 'backlash' for China from getting cheaper exports, hence higher standards & qualities of living for them because getting more advanced products to lower income groups previously impossible, bridging the gap with the Western countries. Wtf?
Also, countries generate more economic activity from more intermediate goods incoming - boosting their own industries and exports, boosting the GDP, etc. This is not the first brain-dead title I have seen from these Westoid journalists and 'economists' of a similar notion.
Yeah, the developing world will get mad because they are about to displace the Western more expensive products with cheaper products from China. Haha.
It is better said that the West is mad because of its dying manufacturing and economic comparative advantages, hence the zero-sum mentality, so they can just whine.
Since the US has poor human capital (political, societal, educational, etc), and any other capital, broad societal degeneracy, can't compete in creating new value for the world, so let's bring others down & gossip. But just imagine trying to sell this 'story' to any country in the Global South, haha?
Interesting, I remember reading about these same industries 2-3 years ago and it was an entirely different dynamic.
This is a country that walks the walk, unlike the US which has a record of 100% of its strategic initiatives failing.
What they say they will do, they will do? They are not politicians, they are statesmen and way more intelligent.
Two years later, the fruits of Document 79 are now apparent. , , and Cisco's market share in China has fallen drastically in the past several years. In 2018, HP Enterprise had a 14.1% market share in China, but in 2023, that has fallen to just 4%. Cisco's market share has halved in the past five years down to just 8%. Microsoft's Chinese sales today account for just 1.5% of the company's overall sales.
Most government institutions in China are now buying domestic technology over Western solutions, even if the Western solutions are superior due to Document 79. This includes everything from software to hardware solutions. Chinese customers who were buying -powered rack-mount servers five years ago are now requesting Chinese-made rack-mount servers utilizing Huawei chips.
Communications platform WeChat is also following this trend and shifting its hosting and data management from Oracle, IBM, and Microsoft to Chinese companies such as Alibaba and Huawei, which have developed their own database management to replace American tech.
Chinese software is also maturing at an accelerated pace thanks to the extra demand now sought after by large Chinese corporations and the Chinese government. KylnOS, a Chinese home-brewed operating system, is reportedly now comparable to Windows 7 from a decade ago. That might not sound great, but Windows 7 is argued among many people as the best ever.
The WSJ reports that China-based vendors took over half of the $6.3 billion Chinese market for the first time in 2022. This trend has only increased since then, meaning the vast majority of the Chinese tech market is now dominated by domestic solutions. If Document 79 comes to full fruition, all of China's governmental entities will use domestic technology by 2027.
Meanwhile, this is end-stage imperial corruption, the trend has been getting worse and worse and is about to implode.