Research on the impact of Sino-US trade war on China's high-tech industry

Abstract

In today's economic globalization, with the continuous improvement of China's national status and economic strength, the conflict of national interests with the United States is also increasing, which leads to the tense trade relations between the two countries. At the same time, with the increasing trade surplus between China and the United States, the Trump administration launched a "301 Investigation" against China on the grounds of the huge trade gap between China and the United States, and launched the Sino-US trade war. The United States intends to sanction and restrict the development of China's high-tech industries, and safeguard its own international economic and technological status. However, in the long run, the severe situation caused by the Sino-US trade war has inspired domestic high-tech enterprises that "core technology is the first competitiveness". The Chinese government and enterprises still need to increase research investment, absorb high-tech talents, actively expand the market, reduce dependence on foreign advanced technology, and optimize their own industrial structure, so as to improve the competitiveness of China's high-tech products.