Business News Asia
The director of the Office of Trade Policy and Strategy (ATP), Ministry of Commerce revealed that the conflict between the US and China, which has been implementing counter-tariff measures since 2018, tends to intensify and spread to the economy, another Especially the struggle for technological leadership, which is a key issue related to security, econo
As China continues to rise as a global economic power, it has also increased competition with the United States in the technology sector. A report by the China Association of Automobile Manufacturers (CAAM) shows that the US and China have distinct strengths and advantages in the field of technology.
The United States is known for its ability to conduct fundamental research and invent new technologies, as well as its ability to efficiently utilize and commercialize innovations. The U.S. holds an advantage over China in areas such as outstanding innovation, research and development spending as a percentage of GDP, exports of mid-tech products, and progress in next-generation technologies.
On the other hand, China’s strengths lie in its ability to apply and improve existing technologies, as well as its production capabilities. China has a large skilled workforce and is able to reduce costs in the production process, making it a leading global manufacturer. Additionally, China has advantages in the possession of key resources in the technology era such as lithium, rare earths, graphite, exports of high-tech goods, and progress in new technologies.
These trends in US-China technology competition have potential implications for countries such as Thailand. For example, Thailand could be seen as an alternative manufacturing source that supports the US goal of working with allies to strengthen supply chains. Additionally, there may be opportunities for Thailand to become part of the supply chain in the US-promoted biotechnology industry, which aligns with Thailand’s own development policies. However, it is important to note that promoting the relocation of US manufacturing bases may affect foreign investment in Thailand in the future. In addition, the ongoing conflict over Taiwan could lead to disruptions in the global supply of semiconductors, which would affect countries such as Thailand that are key production bases for electrical equipment, electronics, and the automotive industry.
These findings reveal that the US and China have distinct strengths and advantages in technology which may affect other countries like Thailand. It is important for countries to be aware of these trends and opportunities as the competition between the US and China continues to escalate in this sector.