The discovery of significant technology in China by ancient Chinese scientists and engineers was a result of significant contributions made by scientists and engineers from China. In particular, instructions for building astronomical instruments date back to Qing dynasty. Today, significant discoveries are still being made by engineers and scientists in China. Their innovative ideas have been widely credited as being a key element in developing their country’s technological capabilities.
Huawei
Worldwide mobile operators demand Huawei's technology. The company has lower prices than its competitors. The company attributes this to lower labor costs, innovation, efficiency in management, and cheap labor. It also claims that the Chinese government's subsidies are what gives it its advantage. However, some European countries argue that the risks are inherent to any 5G network.
Huawei, which was founded in 1987, has grown to become the largest telecommunications equipment manufacturer in the world. Its annual revenue reached $123 billion in 2019, up 19 percent from the previous year. However, Western companies have expressed concern about Huawei's close relationships with the Chinese government and potential for cyberspying as well.