by Raheela Nazir
ISLAMABAD, Sept. 24 (Xinhua) -- The U.S. administration's attempt to impose restrictions on Chinese tech companies and to contain China's technological development and economic growth is doomed to fail, a Pakistani expert has told Xinhua.
The unabated U.S. assault on the technological sector of China has hindered the business of a large number of Chinese companies, according to Shakeel Ahmad Ramay, a political economist and director of the Asia Study Center at the Sustainable Development Policy Institute in Pakistan.
Mindful of the fact that it cannot keep pace with Huawei's 5G and other technological innovations, the U.S. government has launched a campaign to discredit Huawei and also forced other countries not to do business with the Chinese tech giant, the expert said.
On Aug. 6, Trump issued an executive order banning U.S. transactions with ByteDance, the Chinese parent company of video-sharing social networking platform TikTok, citing the International Emergency Economic Powers Act.
TikTok consequently sued the U.S. administration to block the order, arguing it is unconstitutional.
The U.S. administration's attempt to impose restrictions on Chinese tech companies will not be successful, given the fact that China is comparatively less or in some areas even not dependent on the United States or its allies' technology, said Ramay.
Contrary to that, the United States and Western countries are much more dependent on the cutting-edge technologies of China's, like Huawei's 5G, he said, adding that China is making massive investments to stimulate and galvanize the local market in order to take a lead in science and technology.
"The economic and technological cooperation between China and other countries under the Belt and Road Initiative is playing a pivotal role in economic and technological development and advancement," the expert said. Enditem