🐯虎嗅•Stalecollected in 25m
Trump Reveals New US-China Tech Boundaries
💡US policy shift impacts AI firms' China ops & R&D—key for strategy
⚡ 30-Second TL;DR
What Changed
US affiliates in China generated $640B revenue in 2023, down 8% YoY, with 70% sold locally.
Why It Matters
Challenges decoupling narrative, benefiting US tech firms' revenue and knowledge spillovers amid US-China tensions. Encourages policy supporting China market access for competitive edge.
What To Do Next
Audit your firm's China R&D spend using BEA data to optimize global allocation.
Who should care:Founders & Product Leaders
Key Points
- •US affiliates in China generated $640B revenue in 2023, down 8% YoY, with 70% sold locally.
- •R&D investment doubled to $7B in past decade, higher in non-manufacturing vs. other markets.
- •Over 1.2M Chinese employees in 2023, mostly local hires; top 10 firms hold 61% revenue share.
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Original source: 虎嗅 ↗