China’s tech funding boom: is Europe asleep on the job?

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The EU would appear to embrace technological innovation, but the reality is that the rest of the world will be in control

On matters of industrial strategy and international competition, there’s no contrast starker than that between the hapless resignation of Europe and the steely determination of China. Unsurprisingly, it has been China – not Europe – that has proposed, with little success, forming a common front against Donald Trump’s trade tantrums. Even Washington’s bullying cannot awaken European policymakers from their slumber – or, as seems more likely, their moderately lubricated afternoon nap.

Hardly a week passes without a new alarming announcement that Beijing has managed to outmanoeuvre Brussels in yet another domain. Last week brought three such developments.

Europe’s industrial giants will be increasingly dominated by foreign owners and foreign technology

Related: Artificial intelligence: €20bn investment call from EU commission

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Source: china
Link : China’s tech funding boom: is Europe asleep on the job?

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