U.S. Media: China Technology Challenges U.S.

【Global Science and Technology Report】 According to the "Boston Globe" report on March 20th, in the information technology revolution of the past 30 years, the United States has been in a monopoly position, but in recent years, China has become a rising star, through self-employment and fair competition. , is constantly challenging the United States Silicon Valley, and hope to win the top spot in the future competition. Nearly 30 years of information technology reforms originated in the United States. Microsoft and Apple in the United States have made great breakthroughs in software to make personal computers become a reality. With the help of the Internet, Internet companies have been thriving in the United States, such as Amazon, an online retailer, Google, a search engine based on web page ratings, and Facebook, a social networking platform. These companies have global leadership, such as Facebook, the largest social network in the United States, and now have 1.17 billion active users. Moreover, these Internet giants have transformed this leadership advantage into actual revenue through advertising. Facebook’s advertising revenue this year is expected to reach US$16 billion (approximately RMB 110.5 billion), so an important fact of global scientific and technological reform is that large-scale Internet companies continue to seek large profits from advertising. Data map In the face of the raging scientific and technological revolution in the United States, other countries have two options: either surrender or competition. Europe chose the former, so in Europe, almost no European search engine or online retailer is developed. However, China chose the latter to continue to encourage local entrepreneurs to actively start businesses and adhere to fair competition. This has brought great impact on American companies. The Chinese government has successively introduced a series of preferential policies and has continued to provide financial support to startup companies. Now that some Chinese companies have been able to confront the companies in Silicon Valley, the most famous ones are China’s three Internet giants – Baidu, Alibaba, and Tencent. . These Chinese companies not only imitate the operating models of American companies, but more importantly, they are constantly introducing unique and innovative products based on the characteristics and needs of the Chinese market. Such as Tencent's popular worldwide communications software WeChat. By simply scanning the QR code, WeChat is rapidly replacing the dating method of exchanging business cards in the past. Therefore, China not only adopts the development model of Silicon Valley on the economic level, but also has unique considerations in politics and strategy. This is also an important reason why China has achieved fruitful results in the information technology revolution in recent years. In the panel discussion of the 2017 China Development Advanced Forum that was just opened, Mark Zuckerberg, chief executive of US Facebook, stated that in terms of scientific and technological reforms, China has systematically challenged the United States. In the future, in the ever-growing science and technology revolution, with their own advantages and innovative spirit, Chinese companies have more hope than ever. (Internship compilation: Yang Ting reviewer: Li Zongze)