China invests in new technologies instead of alternative energy
Against the background of a slowdown in the economy of the Middle Kingdom and uncertainty with the US-China trade agreement, investments in the country are also declining. China has noticeably reduced its own government programs, in particular, environmental ones. Investments in solar energy fell by 52%, and in alternative sources as a whole – by 24%. The country is engaged in monetary and fiscal policy to continue growth. Against this background, there are many programs designed to invest in the future of the country. One of them is the construction of the world’s most productive supercomputer.
Celestial competes with the United States not only in trade. In due time, the authorities of the country have set the business task of overtaking the United States and becoming the first economy in the world. The ambitious project failed, but there are still many others in which Beijing may be more successful than Washington. Electronics is one of them.
China is planning to allocate billions in investments to modernize its supercomputers. Restoration of leadership is not only a matter of prestige, but also of business – supercomputers are designed for various tasks beyond the control of ordinary computers. In particular, the famous Shuguang can run 50% faster after a multi-billion dollar upgrade.
Beijing and Washington own, respectively, 45 and 21% of all supercomputer infrastructure in the world. In 2013, Tianhe-2 was assembled, serving the tasks of the Ministry of Defense. The computer for some time had the highest performance in the world. But in 2018, the Summit machine appeared, which instantly hit the first position in the top 500 fastest computers of modern times. Soon, Sierra was created and launched. Smart appliances pushed China into third and fourth place.
China invests in IT and attracts foreign funds
The state has actively invested over the past five years in the IT infrastructure. In particular, the country in 2018 strengthened funding for projects related to wired Internet, 5G, artificial intelligence and many others.
It should be noted that the image of China as an innovative country is also aimed at investment attractiveness. The suburb of Shanghai was elected by Tesla Motors to implement a multi-billion dollar project to build an electric vehicle production plant. It is expected that already in 2020 two thirds of all Tesla vehicles will be coming off the assembly line. Machines will be supplied primarily to the domestic market of China, as well as to Japan and the countries of Southeast Asia.