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    HomeNewsOpinionThe Eastern Window: China is investing in technology for survival, not global dominance

    The Eastern Window: China is investing in technology for survival, not global dominance

    China is investing heavily in technology more for its own survival than due to international ambition. Chinese factories are now less able to produce low-cost goods for the world market because of rising costs and competition from countries like India and Vietnam. They have no option but to introduce automation and upgrade the quality of goods to meet the changing market demand for quality and prices.

    Saibal Dasgupta
    January 16, 2023 / 08:51 IST
    Chinese President Xi Jinping.
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