US-China tech war: Silicon Valley faces ‘difficult battle’ as Beijing ramps up tech spending

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Growing state financial support for hi-tech industries, backed by long-term development targets and a huge pool of engineers, could give China an edge over Silicon Valley within the decade, analysts say.Beijing has its sights set on establishing a world-leading tech industry to boost economic self-reliance and make the country more resilient to external pressure amid heightened rivalry with the United States.US CIA director William Burns has described technology as the “main arena for…

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