If the United States and its allies want to prevent China from dominating next-generation technologies and networks, they must incentivize Western companies to take greater risks in next-generation markets.
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Huawei, Ericsson, and Nokia are locked in intense competition to dominate the age of 5G telecoms, writes _The Financial Times_, citing data from the Reconnecting Asia Project.
This episode of the ChinaPower’s podcast investigates the evolving political and economic circumstances surrounding Chinese telecommunications company Huawei and its attempts to integrate its technology in global markets. Dr. James Lewis explores the growing concerns within the U.S. and among many of its allies as well as Huawei’s relationship with the Chinese government.
Even as Huawei faces resistance in Western airwaves, it is racing ahead under the world’s seas in a commercial contest that could eventually provide China with strategic advantages.
Over the next 15 years, more hard infrastructure is projected to be built around the world than currently exists. As our infrastructure is transformed, so will be the economies it fuels, the regions it connects, and the global commons it underpins. These trends are too powerful and potentially beneficial for the United States to stop, and too consequential to ignore.