Scientists and engineers in ancient China made important discoveries and advanced technology in China. In particular, instructions for building astronomical instruments date back to Qing dynasty. Chinese engineers and scientists are making significant discoveries today. Their breakthroughs have been recognized worldwide as a key component in the development of China's technology capabilities.
Huawei
The technology of Huawei is highly sought after by mobile network operators all over the globe. The company's prices are less than that of its competitors. This is due to low labor costs, innovation and high management efficiency, according to the company. It also claims that the Chinese government's subsidies are what gives it its advantage. However, some European nations argue that 5G networks pose risks.
Huawei was founded in 1987. It has grown to be the largest manufacturer of telecommunications equipment in the world. Its annual revenues reached $123 Billion in 2019, a 19% increase over the year before. Some Western companies raised concerns about Huawei’s close ties with China's government and the potential cyberspying and industrial spying.