Trillion Dollars ($1,000,000,000,000) Says China Must Never Be Dependant On Foreign Core Technologies
“It is the compelling obligation for big companies to compete in core technology,” insists Jack Ma of Alibaba, market cap $451B, at the first Digital China Summit in Fuzhou. $457B Tencent chairman Pony Ma said "it is urgent for Chinese enterprises to make breakthroughs in the ownership of core technology." Baidu, probably world #2 in Artificial Intelligence, takes the market cap to $1T.
Xi Jinping sent a message to Fuzhou, calling for "Breakthroughs in core technologies." Chinese companies directly support policy and will come through here. Xi also called for, "promoting the upgrade of infrastructure." China Telecom responded by promising 2M 5G cells.
China has the talent and the funding.