china's push to become a world leader in 1 industries has one neighbor particularly worried about new competition on the block: south korea.
中国正在努力寻求成为高科技产业的世界领导者,这样的野心引起了邻国韩国的忧虑。韩国担心自己会迎来新的竞争对手。
in china's new economic
2 unveiled during the two sessions, known as the 13th five-year plan, chinese officials identified
3 as a potential tech
5 to dominate. that has raised an alarm in south korea's
4 industry, the world's largest after the u.s. with an 18 percent global market share.
at present, china commands just 3 percent of the global semiconductor market share but beijing is hoping to increase that figure as part of its plan for new services industries,
6 "new china," to
7 gross domestic product (gdp). aside from semiconductors, "new china"
8 also include chip materials, robotics, aviation equipment and satellites.
officials intend to achieve that goal by increasing the share of spending on research and development (r&d) to 2.5 percent of gdp for the 2016-2020 period, from 2.1 percent in 2011-2015, according to the new five-year plan.
"china's announcement has of course not remained unnoticed, especially by large players in high-tech industries,"
9 at investment bank natixis remarked in a report.
"its aggressive push is worrying for [south] korea's industrial giants. if we consider that korea's major global comparative advantage is high-tech electronics, such threat becomes a systemic threat for the country's economic future."