China’s Long-Term Plan to Shape the Future of Technology
In a rare twist to Washington's long-standing restrictions on the Chinese tech giant Huawei, the Commerce Department recently reversed its ban preventing U.S. firms from working with Huawei on developing new technical standards.The move was seen by many in China as an admission by President Donald Trump’s administration that it cannot ignore Huawei’s influential role in developing the technical standards critical for future technologies. “America finally bowed its head" read a headline by Chinese network Phoenix TV.The new rule, announced by the Commerce Department on June 15, amends the Huawei “entity listing” to allow American companies to collaborate with Huawei on setting standards that will determine the technical rules of the road for 5G and other emerging technologies. “This action is meant to ensure Huawei’s placement on the entity list in May…