Amidst the growing tensions between China and the rest of the world, the tech sector is faced with a unique predicament. China had proven itself to be a tech giant in recent years.
After India took the step of banning Chinese applications, the United States is also all set to follow suit. But the prognosis does not look at good for the rest of the world. So many startups and companies from across the globe have relied on cutting edge tech from China and the United States of America to keep their operations up and running.
But amidst this tension, the world tech sector stands divided. This will inevitably impede the growth process as both nations have an extremely vital role to play. Amidst all the allegations of espionage and data transmission, it is becoming relatively difficult for some of the Chinese applications like TikTok to keep up with its global operations.
This ambiguity can be seen globally as various countries are contemplating their decisions to invest in certain ventures which they had initially promised to. China and the United States of America are two very tall figures in the technology sector.
Chinese Prime Minister Xi Jinping had said as was quoted by CNN that “China will expand efforts to reshape international technology, trade, and financial architecture to better promote its interests in an increasingly bifurcated world.”
If these ambiguous relations come to a head, the global tech scenario will become increasingly divided.
The Formidable TRIO
