Many argue that regulating Big Tech cedes leadership to China, but a healthy startup ecosystem is America's best defense.
includes plans to boost commercial bank lending to small manufacturing firms and raise R&D tax breaks for small and medium-size sci-tech firms from 75 percent to 100 percent.
Beijing recognizes that regulating consumer-facing tech giants need not spell the end of China’s innovation drive. Despite the antitrust campaign, the Chinese government is stillto out-innovate the United States; but it believes that injecting more competition into its domestic technology landscape is the best way forward.
The United States should take note of China’s evolving innovation strategy. Though Beijing’s heavy-handed antitrust activities may give US tech giants an advantage over their Chinese peers for now, the US tech ecosystem as a whole could still suffer from market concentration at home and competition from innovative SMEs abroad.
Beijing’s approach to innovation should push Congress to pass legislation that prevents tech platforms from picking winners in online markets, ensures small companies do not get swallowed up by their larger rivals, and makes it easier to form tech startups in the United States. In the innovation race, properly regulating big tech is only one part of the battle. To compete with Beijing, the United States must make its own innovation ecosystem more competitive.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Blinken to detail U.S. national strategy for China in coming weeksU.S. Secretary of State Antony Blinken said on Tuesday he will address in the coming weeks a long-awaited national security strategy to deal with the emergence of China as a great power.
Weiterlesen »
Analysis: China grapples with political challenges as Covid death toll mounts'To date, government officials have so far prioritized the suppression of the virus over all else, even as public resentment and economic risks grow under blunt lockdown restrictions,' writes Simone McCarthy | Analysis
Weiterlesen »
Tesla China VP: 'Everything Will Be Back To Normal Very Soon.'Tesla China Global Vice President, Grace Tao, recently gave an interview and said that she was extremely confident
Weiterlesen »
South China Sea Faces Higher Risk of Conflict as Arms Race Builds Up, Says Weapons ExpertChina’s increased military spending has created a “greater threat perception” in the neighborhood, said senior researcher Nan Tian.
Weiterlesen »
Texas Instruments braces for 10% revenue hit from China lockdownsThe Dallas-based chipmaker dodged questions about whether the situation in China would exacerbate computer chip shortages.
Weiterlesen »