Chapter 435 China Overtakes Japan to Catch Up with the United States!
In the morning, the mid-year meeting of Xiongming Group ended.
When the outside world was shocked by the quality and execution ability of the employees of Xiongming Group, Ximing returned to Xiongming Building with everyone.
Xi Ming thought that he was going to the United States immediately.
Because medium-concept technology stocks are about to explode in the United States!
He didn't want to miss his last train to make a lot of money after being reborn!
"Secretary Liu, I'm going to go to the United States to see if there are any girls in the company who understand English and finance. If not, hire now!"
The middle of this year will be the time for Chinese concept stocks to shine in the United States.
The rally in technology and internet stocks has been one of the biggest news in the U.S. stock market in 2017, and the rally in these stocks was the main reason for the rally in the U.S. stock market. But no matter how much U.S. technology and internet stocks rise, they can't compare with Chinese tech stocks.
China concept stocks will see significant growth in tech stocks after the middle of the year, with some stocks in the space reporting returns even twice as much as their U.S. peers.
Xi Ming knows that the next period of time will be crazy, Ma Huateng and Ma Yun's market value has increased from 300 billion to 400 billion, and in less than two months, it has caused huge shocks at home and abroad, first of all, the United States, because Alibaba is listed in the United States.
The U.S. is in turmoil.
The battle between Ma Huateng and Ma Yun for the richest man has been a stalemate.
The two giants have been strong and eye-catching.
But another domestic Internet company.
Baidu isn't bad either.
Because Baidu is also making progress in artificial intelligence, Xi Ming remembers a news in September, David Russell, a veteran manager of a future online broker e*Trade Financial ETF, will write in a report, "U.S. technology stocks are doing well as investors are pouring a lot of money into leading stocks." But its results are not as good as those of its counterpart, China, on the other side of the Pacific."
In the U.S., the rally in technology and internet stocks was largely driven by a number of leading stocks, known as FAANG stocks, including Facebook, Apple, Amazon, Flix and Google's parent Alphabet.
He compared the share price of search engine company Baidu, which rose 37 percent, while Alphabet rose only 19.4 percent. Shares of Alibaba Group, the e-commerce giant, have risen more than 75 percent, more than double Amazon's 32.5 percent gain this year.
Shares of social media company Sina Weibo have nearly doubled year-to-date, up more than 90 percent, while Facebook's shares are up 47 percent.
Because it was a few days before the rebirth.
For example, an article written by Russell entitled "China's Tech Sector Crushes Silicon Valley" once again mentions Baidu's performance.
In early July, traders poured money into buying shares of the company as Baidu tried to learn about artificial intelligence. As the company's management reached an agreement with other companies, they bought Baidu shares. In response, Baidu's quarterly report was outstanding, with its shares soaring to its highest level since April 2015. ”
Knowing that U.S. technology stocks and Internet companies are soaring, Chinese concept stocks are even stronger.
Xi Ming has been planning for a long time, Bitcoin has risen to 28,000 yuan, and it may break through 30,000 yuan at any time, and he will make a move immediately!
At this time, Japan across the sea was hotly discussing China, its neighbor next door.
Japanese media said that China has become a scientific and technological power through innovation: surpassing the United States is just around the corner.
According to Japanese media, China is striving for innovation with the whole country, because cheap labor is used as a model for competitiveness to achieve economic development, which is unsustainable due to rising labor costs and other reasons. China is building a new model for stable growth by leaps and bounds in production efficiency through innovation.
At the "Japan-China Business Innovation Tokyo Forum" held in Tokyo on June 5, An Yiqing, president of the China-Japan branch of the Shanghai Overseas Friendship Association, emphasized: "China must improve labor productivity and give new development opportunities to industries and enterprises. "The purpose of this forum is to visit Japanese companies that have succeeded in innovation, to promote innovation in China, and to deepen exchanges between the two countries.
According to the report, in China, various seminars or forums on the theme of innovation are being held in various places, because the state has pointed out the direction of innovation-driven with great fanfare.
First of all, in 2006, the State Council of China issued the Outline of the National Medium- and Long-Term Science and Technology Development Plan (2006-2020), which set the goal of becoming an innovative country with the world's top scientific and technological strength by 2020. In addition, the current 13th Five-Year Plan also proposes to promote development through innovation. China's economy has "entered a new normal", and one of the characteristics of this new normal is that innovation drives economic growth. The "Made in China 2025" issued by the State Council also proposes to significantly enhance the innovation ability and reach a new level of integration of industrialization and informatization, and eventually become a manufacturing power.
In this way, innovation has become an indispensable word when talking about economic growth, the report said. The pomp and circumstance of the forum also proves that this trend in China is even strong enough to create opportunities to study abroad.
At the corporate level, Japanese companies are still able to outperform emerging Chinese counterparts in many ways. But what about science and technology? Kenki Okimura, special adviser to the Japan Science and Technology Promotion Agency, asserted that China has surpassed Japan in the field of science and technology. In fact, it is clear from the data that China has surpassed Japan in many areas.
In the Global University Rankings and the Asian University Rankings, the share of Chinese schools at the top of the rankings is increasing. In the 10% of the most cited papers, China is not only leaping forward, but has already surpassed Japan, compared to Japan's declining momentum.
"Of the 500 fastest supercomputers in the world in 2016, China ranked first with 167, followed by the United States with 165 and Japan with 29," Okimura said. ”
According to the report, universities have become a traction force in the process of innovation, and the symbolic significance is the "science and technology park" where the university is the core of the enterprise group, and the contribution to innovation in the form of industry-academia cooperation. According to Okimura, China's innovation drive is driven by a fairly strong system of organization by the executive branch, careful planning, and research institutes such as enterprises and universities.
Taking space development as an example, China's scientific and technological development in this area is obvious to all. The Shenzhou series of manned spacecraft has already carried out activities, and China also plans to complete the construction of an independently operated space station around 2022, launch a Mars probe in 2020, and land on the moon around 2030.
According to the report, China's characteristic is to establish a complete system and promote the realization of the goal in a down-to-earth manner. According to Okimura's analysis, China is likely to promote growth through innovation and become a major country in science and technology. In addition, China's strong fiscal position allows it to continue to provide strong financial support for science and technology projects, and it is likely that it will overtake the United States in science and technology.
Why do you say that? It can be described as just around the corner!
Artificial intelligence (AI) is currently at the forefront of the war between the East and the West, and China's influence in this field is growing. Artificial intelligence is seen as the key to unlocking big data and the Internet of Things. It enables us to make better decisions faster, and it's at the heart of smart cities, autonomous vehicles, personalized medicine, and other new commercial applications that can help us solve many of the problems of globalization.
In recent years, artificial intelligence has developed rapidly with the improvement of computer processor performance, machine learning, deep learning, and natural language technology. Since 2013, China has been investing heavily in AI research. In the core field of artificial intelligence, Chinese companies are making great strides.
Take, for example, China's three tech giants, Baidu, Didi Chuxing, and Tencent, all of which have set up their own AI R&D labs. Baidu, in particular, has become a global leader in the field of deep learning. At Baidu's artificial intelligence lab in Silicon Valley, more than 200 researchers are working on technologies such as autonomous driving and facial and voice recognition.
Similarly, Tencent has sponsored a number of universities in China to work on artificial intelligence technology, providing students with a vast database originating from WeChat. At the same time, Tencent also has access to the latest research results and talents from these universities.
Even at the government level, R&D spending in this area has maintained double-digit annual increases. There are reports that China will launch a multibillion-dollar strategy to further advance AI technology in the country through a number of "moonshots", funding startups and academic research.
China's achievements have already drawn the attention of the United States. It's no secret that much of the early AI research came primarily from the U.S. market. In the final months of the Obama administration, the U.S. government released two reports arguing that the U.S. is no longer the undisputed leader in global AI innovation. On the contrary, China has become a major competitor in this area and poses a threat to the position of the United States.
The two reports call on the U.S. government to increase investment in machine learning and strengthen government-tech partnerships to unlock the enormous potential of artificial intelligence. That said, a May survey of 1,268 founders, CEOs, investors, and R&D personnel at tech companies showed that the U.S. government was far from prepared for the future impact of AI.
More worryingly, while the Obama administration has pledged to increase AI spending, the Trump administration has proposed a 10% cut in the National Science Foundation's (NSF) investment in AI R&D programs.
U.S. dominance in the global tech market is waning.
China is the main threat to the United States in the field of science and technology. This means that China's influence in the global tech market continues to grow.
Even more surprising is that 50% of respondents say China will overtake the United States as the dominant player in the global tech market within five years
Therefore, Japan's scientific and technological elites have asked the government to carry out more Japan-China exchanges with China.
China's science and technology and Internet concept stocks, under the discussion of the Japanese people, are about to blow to the other side of the ocean The United States has made American investors enter China's Internet and technology concept stocks, causing Chinese concept stocks to surpass their own technology stocks in the United States, becoming a secret that Americans are unwilling to say.