The article also highlights China's superior manufacturing expertise and capacity, and its ability to produce top-tier products in various areas. Examples of Chinese dominance in consumer space include DJI drones, various types of gimbals, and companies like Insta360 overtaking GoPro in action cameras.
Key takeaways:
- China is leading the world in 37 out of 44 critical technologies, according to a report by the Australian Strategic Policy Institute.
- China's dominance spans across various sectors including defence, space, robotics, energy, environment, biotechnology, AI, advanced materials and key quantum technology.
- China has superior manufacturing expertise, skills, and capacities compared to the West, and has been producing top-tier products in several areas.
- Chinese companies like DJI and Insta360 are starting to dominate the consumer space, overtaking companies like GoPro in the action camera market.