Why global corporations struggle to move away from Chinese technology

BusinessVnExpress

Multinational corporations are discovering that reducing reliance on Chinese technology is far more difficult than expected. Across sectors like electric vehicle batteries, renewable energy, and artificial intelligence, Chinese firms have surged ahead in production scale, innovation speed, and cost efficiency. This has transformed them from mere low-cost suppliers into indispensable technology partners within global supply chains. The trend poses a significant challenge to Western efforts to diversify away from Chinese manufacturing.