China is studying technology companies’ reliance on American suppliers, in an apparent attempt to assess their ability to withstand further trade-war shocks, reported the Wall Street Journal.
The interagency effort, which involves officials canvassing domestic companies, has taken place over the past few months as the trade war has intensified, said a WSJ source.
The survey of domestic companies is part of China’s longer-term goal of weaning itself off dependence on foreign technology as a divide widens between the world’s two largest economies. Chinese companies have long relied on American technology and suppliers for its semiconductors, modems and jet engines.
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