Chinese officials have been canvassing domestic tech firms to learn about their supply chain structure, the Wall Street Journal reported.
Government agencies surveyed smartphone makers Xiaomi, Oppo and Vivo to gauge their exposure to U.S. suppliers.A Huawei logo is pictured at their store at Vina del Mar, Chile July 18, 2019.China is surveying its tech companies to gauge their exposure to U.S.
Technology has been a sticking point in the escalated conflicts between the U.S. and China. Earlier this year, the U.S. blacklisted Chinese telecom giant Huawei for national security concerns, halting its ability to purchase U.S.-made chips. China responded by establishingthreatening that foreign companies, organizations and individuals could be added to the list.
Both countries have piled on new tariffs in the past week. President Donald Trump on Friday also said he'sIn the meantime, China is accelerating efforts in other countries to reduce its reliance on the U.S. The official newspaper of the Chinese Communist Party, the People's Daily, on Sunday published several articles about China's improving cooperation with other countries including Thailand, Japan, South Korea and Latin America.
Expect to hear much more of this coming months/years- how quickly can happen is really the question- will take years but a gradual reality
I hope every board of directors of US is studying their supply chain risk.