China gaining a stranglehold on critical tech
- 4:22PM MARCH 2, 2023
- 38 COMMENTS
China is hurtling towards dominance over the west in global technology, raising fears it will soon have a stranglehold on the supply of some of the world’s most critical technologies according to a landmark report.
The world-first study by the Australian Strategic Policy Institute has found that China is much further advanced on key technologies compared to the rest of the world than was previously believed.
The report, based on a newly developed Critical Technology Tracker website, found that China now leads the world in 37 of the 44 most critical technology fields including defence, space, robotics, energy, the environment, biotechnology and artificial intelligence.
READ NEXT
“China has built the foundations to position itself as the world’s leading science and technology superpower, by establishing a sometimes stunning lead in high-impact research across the majority of critical and emerging technology domains,” ASPI says.
“For some technologies, all of the world’s top 10 leading research institutions are based in China and are collectively generating nine times more high-impact research papers than the second-ranked country (most often the US).”
The report, which examines and compares high-impact technology research around the globe, warns that unless western nations make a concerted effort to catch China, Beijing will soon be in a position to control the supply of some critical technologies.
READ MORE: Purge grows on China-linked CCTV devices | China biggest threat in space, US general warns | Crypto market eyes economic wildcard China | ASIO ‘told go to soft on China to restore relations’ | FBI believes Covid started in Chinese lab | Meet Moss, China’s latest answer to ChatGPT“Unchecked, this could shift not just technological development and control but global power and influence to an authoritarian state where the development, testing and application of emerging, critical and military technologies isn’t open and transparent and where it can’t be scrutinised by independent civil society and media,” the report says.
China (could) gain a stranglehold on the global supply of certain critical technologies,’ it says. “Such risks are exacerbated because of the willingness of the Chinese Communist Party (CCP) to use coercive techniques outside of the global rules-based order to punish governments and businesses, including withholding the supply of critical technologies.”
ASPI found that China’s strength in technology research was underpinned by importing its talent and knowledge with one-fifth of its high impact research papers being authored by those with postgraduate training in Five-Eye countries.
“China’s lead is the product of deliberate design and long-term policy planning, as repeatedly outlined by Xi Jinping and his predecessors,” the report says.
The year-long study found that the US leads in the remaining seven of the 44 technologies and comes second in most of the 37 technologies that China leads.
Australia ranks among the top five countries for nine technologies, performing strongly in fields including cyber security, critical minerals extraction and processing, electric batteries, hydrogen and 3D printing.
It says China is especially excelling in defence and space-related technologies including advances in nuclear-capable hypersonic missiles which took US intelligence by surprise in 2021.
“Over the past five years, China generated 48.49% of the world’s high-impact research papers into advanced aircraft engines, including hypersonics, and it hosts seven of the world’s top 10 research institutions in this topic area,” the report found.
ASPI says that for western nations to catch up, a ‘strategic critical technology step-up’ is required.
This requires far deeper collaboration between allies and greater investment in research and development, talent and commercialisation. It says that innovations such as sovereign wealth funds to provide venture capital should be considered.
“Governments must make more space for new, bigger and more creative policy ideas - the step-up in performance required demands no less,” ASPI says.
“It’s important that we seek to fill this gap so we don’t face a future in which one or two countries dominate new and emerging industries (something that recently occurred in 5G technologies) and so countries have ongoing access to trusted and secure critical technology supply chains.”
- Forums
- ASX - By Stock
- AHK
- IS the market asleep at the RARE EARTH wheel! grade is king
IS the market asleep at the RARE EARTH wheel! grade is king, page-5
-
-
- There are more pages in this discussion • 14 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AHK (ASX) to my watchlist
|
|||||
Last
17.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $9.425M |
Open | High | Low | Value | Volume |
18.0¢ | 18.0¢ | 17.0¢ | $8.31K | 48K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 17437 | 17.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
19.5¢ | 27026 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 17437 | 0.170 |
2 | 18381 | 0.165 |
1 | 25000 | 0.150 |
1 | 30000 | 0.145 |
1 | 4100 | 0.125 |
Price($) | Vol. | No. |
---|---|---|
0.195 | 27026 | 1 |
0.200 | 35000 | 1 |
0.250 | 47548 | 1 |
0.265 | 4145 | 1 |
0.000 | 0 | 0 |
Last trade - 10.26am 30/08/2024 (20 minute delay) ? |
Featured News
AHK (ASX) Chart |
The Watchlist
1CG
ONE CLICK GROUP LIMITED
Mark Waller, MD
Mark Waller
MD
Previous Video
Next Video
SPONSORED BY The Market Online