It's been more than 10 years since Silicon Dragon predicted that China could win the tech race. While once considered a ludicrous idea, this concept has been proven to be a trend to watch as China's economy has unfolded from manufacturing to services and tech. See our top 10 predictive list for 2020
1. China technology innovation and new business models will continue to gain momentum in many important tech sectors such as artificial intelligence, facial recognition, robotics, IoT, biotech and mobile communications. China will push the pedal on advancing these technologies, aiming to be a global powerhouse of our tech future.
2. A "Splinternet" of the global tech economy into competing superpower spheres will form as the U.S.-China tech cold war intensifies. Expect separate standards for new technologies such as fifth generation telecom, which will roll out faster in China than in the U.S.
3. Venture capital will flow into separate U.S.-China camps after years of collaboration. Startups backed by cross-border investors will face a cash crunch as former sources of funding dry up.
4. In China, startups will chase capital. A core group of venture firms will invest into the downward cycle and selectively back a next generation of China's emerging companies at lower valuations, which in turn will lead to good returns and an upturn in the VC cycle within a few years.
5. China's tech titans will spread their power by battling over new economic sectors and buying up newcomer rivals both within China and abroad, in an attempt to own it all.
6. Look for more Chinese business models to be copied or improvised for the rest of the world. The U.S. could come up with an American version of Chinese social commerce startup Pinduoduo and other ideas.
7. Greater regulatory scrutiny of Chinese tech brands in the U.S. will result as more customers grow familiar with China technologies such as 15-second video app
Tik-Tok, drone maker
DJI, and electric vehicle