China looking to remove foreign technology by 2022

You're referring to China's efforts to reduce its reliance on foreign technology and develop its own domestic capabilities. This is a significant initiative that has been gaining momentum in recent years.

In 2019, China's State Council issued a document outlining the country's plans to "accelerate the development of indigenous innovation" and "reduce dependence on foreign technology" by 2022. The goal is to increase the proportion of domestically developed technologies in key sectors such as artificial intelligence, 5G, and semiconductors.

To achieve this, China is taking several steps:

1. Investment in research and development: China is increasing its investment in R&D, with a focus on basic research and applied technology development. The government has set a target of increasing R&D spending to 2.5% of GDP by 2022.
2. Development of domestic chip industry: China is working to develop its domestic chip industry, with a focus on designing and manufacturing its own semiconductors. This includes the development of 5G chipsets, artificial intelligence chips, and other specialized chips.
3. Acquisitions and partnerships: China is actively seeking to acquire foreign technology companies and form partnerships with international firms to gain access to new technologies and expertise.
4. Encouragement of domestic innovation: The government is encouraging domestic innovation through policies such as tax breaks, subsidies, and other incentives for companies that invest in R&D and develop new technologies.
5. Restrictions on foreign investment: China is also implementing restrictions on foreign investment in certain sectors, such as technology and telecommunications, to prevent foreign companies from dominating the market and to encourage domestic competition.

The goal of these efforts is to reduce China's dependence on foreign technology and create a more self-sufficient domestic industry. This is seen as a key part of China's broader strategy to become a global technology leader and to reduce its reliance on foreign imports.

However, it's worth noting that these efforts have also raised concerns about the potential risks and challenges associated with China's increasing focus on domestic innovation. Some of the concerns include:

• Intellectual property protection: There are concerns that China's efforts to develop its own domestic technology may lead to intellectual property theft or infringement, which could harm foreign companies and undermine trust in the global technology supply chain.
• Competition and market access: The restrictions on foreign investment and the encouragement of domestic innovation may lead to increased competition and reduced market access for foreign companies, which could have negative impacts on the global technology industry.
• Quality and reliability: There are concerns that China's domestic technology may not be as reliable or high-quality as foreign technology, which could have negative impacts on the global technology supply chain and on consumers.

Overall, China's efforts to reduce its reliance on foreign technology are a significant development that will have far-reaching implications for the global technology industry. While there are potential risks and challenges associated with these efforts, they also present opportunities for China to become a global technology leader and to drive innovation and growth in the region.