Rising China high-tech sector threatens Taiwan: S&P affiliate

Want China Times
Date: 2015-09-06

An emerging high-tech sector in China poses a growing threat to its rivals,

The Mi 4 from China's leading smartphone maker Xiaomi. (File photo/China Times)

The Mi 4 from China’s leading smartphone maker Xiaomi. (File photo/China Times)

including Taiwan, according to Taiwan Ratings, a local partner of Standard & Poor’s.

The credit ratings agency said in particular that mobile device and flat panel makers in other Asian countries are expected to face relatively higher hurdles erected by China, which has devoted itself to cultivating its own supply chain for the country’s high-tech sector in a bid to lower dependence upon imports.

Taiwan Ratings said that the rapid growth of China’s technology industry does not bode well for the prospects for high-tech firms in other countries in Asia in the long term, although Asian competitors outside China are expected not to feel a significant pinch over the next two years.     [FULL  STORY]

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