According to the latest Chinese media reports, the Chinese think tank “Center for China and Globalization” has released the latest report recommending Beijing to relax Google, Twitter and Facebook and other US technology giants to invest in China in exchange for the US to cancel its suppression of Chinese companies such as Huawei, Douyin, and Alibaba.
However, the report emphasizes that measures such as opening up pilots, partial openings, and strengthening network supervision should be adopted for the development of American giants, and gradually open their operations in China to a “limited extent”.
The report believes that the Sino-US trade dispute may be eased after the Biden administration takes office, but the intensification of Sino-US technology competition is still inevitable.
The report argues that the United States’ containment of China’s science and technology industry not only prompts China to accelerate its independent innovation capabilities but also harms the interests of American companies. China and the U.S. are expected to relax restrictions on corporate entry and market competition. The U.S. lifts its suppression of Chinese companies such as Huawei, Douyin, Tencent, Alibaba, and Xiaomi, while the Chinese side relaxes U.S. high-tech companies such as Google, Twitter and Facebook to start investing in China.
The report stated: “When the United States builds a high wall to hinder Chinese companies, China should not build the wall reciprocally, but should take action to remove the high wall. However, it can set up pilot projects, partially open up, and strengthen network supervision. China should open up the operations of the above-mentioned American companies, demonstrating China’s attitude of opening up the market and fair competition, and benefiting the American business community to alleviate or even relieve the suppression of Chinese high-tech companies by the United States.”