The U.S. and China are waging a hard-fought battle today for dominance of global technology standards, particularly in emerging sectors like 5G mobile telecommunications. While China’s access to markets in advanced economies is increasingly limited, tech companies like Huawei, ZTE, and Bytedance are rapidly expanding in the Global South.
But the U.S. Congress is adamant to try and limit China’s expansion in developing markets by effectively telling countries if you want to work with the U.S., then you can’t use Chinese tech.
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