China-EU deal boosts Beijing’s targets to remain in world tech scene however depend on the U.S. much less, professor says

News Snapshot:

Last updated Jan 19, 2021 Share Get PureVPN SINGAPORE — China’s funding take care of the European Union might pave the best way for Beijing’s “twin circulation” technique of being self-reliant in know-how whereas nonetheless remaining part of the worldwide provide chain, a professor informed CNBC. Final 12 months, the Chinese language authorities got here out with a batch of coverage phrases to bolster its economic system, placing them underneath a obscure umbrella time period of “twin circulation.” The phrase refers broadly to 2 circles of financial exercise — inner and exterior — with higher emphasis than earlier than on...