Chinese tech companies are developing at an incredible pace. The country produces a large number of talent: about 4 million university graduates major in technology, math and engineering annually. The entire nation is taking artificial intelligence (AI) as a top priority and wants to stay ahead of other nations in AI development.
Additionally, China has many exciting innovations in the IoT, smart cities and smart homes. It is expected that only in just 5 to 10 years, an ordinary Chinese family will use a robotic home centre to control information flowing around the family home.
China has recently stated its ambition to become a global tech superpower. The country’s top leaders, including President Xi Jinping, said technology and science are one of the main battlefronts of the economy. Following the “Made in China 2025” strategy, the country aims to break its dependency on foreign technology in sectors such as semiconductors, robotics, new-energy vehicles and aerospace.