Your attention is my accelerant, pay attention to it, learn more about finance, learn about finance, and understand finance.
Germany recently announced the removal of all Huawei 5G equipment, citing security concerns. Despite the fact that Huawei has a 59% share of 5G network equipment in Germany, the German side has decided to take action to completely remove Huawei equipment. The decision would cost $59.7 billion and would result in economic losses of $105.5 billion over the next 15 years. In addition to the economic losses, the Deutsche Bahn project may be delayed by 5-6 years, and the user experience will also be significantly reduced.
Germany's decision was not driven by impulse, but by concerns about the rise of Chinese technology. In Germany's electric vehicle market, where China imports more than 28% of vehicles, Germany's automotive manufacturing industry is facing huge challenges. Germany fears that Chinese cars will gain a larger share of the global market and have an impact on its own auto industry.
However, China has made substantial breakthroughs in the field of new energy vehicles, especially in key technologies such as batteries, motors, and electronic controls. Many Chinese tech companies have made great strides in this area, such as companies such as BYD and CATL. China's new energy vehicles have been fully replaced by localization and no longer rely on imports. This has greatly increased China's competitiveness in the automotive sector, and Germany's concerns may be unwarranted.
China's counterattack in the technology sector has become the key to the market turnaround. With innovative technologies and products, many Chinese technology companies have successfully gone abroad and achieved great success in the global market. China has an overwhelming advantage in the global raw material market, which proves China's strength in cutting-edge technology.
As the people said, key core technologies are the foundation of China's science and technology. China has built 2.64 million 5G base stations, accounting for 90% of the world's total. And against the backdrop of Germany's dismantling of Huawei's 5G equipment, China has made a major breakthrough in the field of 6G. This shows China's leadership in the field of communication technology, and it is almost impossible for Germany to resist the pressure of Chinese technology.
According to reports, German mobile operators have decided to continue to rely on China** for safety-critical components, and admit that 5G equipment such as Huawei meets standards and there are no potential security risks. This shows that Chinese technology plays an important role in the construction of 5G network equipment in Germany. German parliamentarian Reinhard Brandl even said that it was a serious mistake to exclude Huawei from Germany's mobile network construction in the past.
With the improvement of China's scientific research and innovation level, China's technological discourse power is also increasing. China has shaken off the situation of being controlled by others in the past and stands at the forefront of the world's science and technology. China's technological progress is not only for itself, but also for the benefit of the lives of every ordinary citizen in the world.
Germany's decision to dismantle Huawei's 5G equipment stems from concerns about the rise of Chinese technology. However, China has made major breakthroughs in areas such as new energy vehicles and communication technology, and has world-leading technological strength. China's counterattack is not only to surpass other countries, but also to promote global scientific and technological progress. In the future, China's technology will continue to lead the development of global science and technology, and Germany will have to face the overwhelming superiority of Chinese technology.
If you like it, you can follow me, share financial advice regularly, and talk to you about financial topics.