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Plenty of Chinese companies amidst US-China trade war, on CES 2019

Plenty of Chinese companies amidst US-China trade war, on CES 2019

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China is home to few of the most fresh companies and in previous several years, Chinese companies have formed a substantial part of the more than 4000 exhibitors that have often participated in the technology how. CES 2019 might view a drop in the volume of Chinese companies attending the tech prove.

According to the South China Morning Post, the attendance by Chinese merchants will reduce by up to 20%. The occasion which is reputed as the largest technology exhibition globally with up to 175,000 persons attending, will with no doubt be affected by the represent US-CHina trade dispute that started whenever the US imposed a higher tariff regime on some specific products from China. The two world’s largest economies are In addition at loggerheads with each other higher than leadership in a range of cutting-edge technologies and innovations, most prominent are 5G technology and artificial intelligence (AI).

Details provided by the organisers of the event, Customer Tech Association (CTA) in the CES exhibitor directory as of January 4, indicate that a total of 1,211 Chinese companies have registered to be part of the trade show for this year. This is 20% lower than the1,551 Chinese companies that attended last year. The number is In addition lower than the 1,751 US companies that have registered as at January 4. In a statement unveiled on Sunday, CTA disclosed that the real floor area taken up by Chinese exhibitors this year was roughly equal to 2018 because of to slightly extra space offered to larger exhibitors and slightly much less to compact merchants. But, the reduction is a pointer to the effect the tumultuous US-China relation is having on an occasion what has jokingly been referred to as the Chinese Electronics Prove in recent several years. The occasion has often attracted huge names such as Huawei Technologies and fleets of component suppliers who flock Las Vegas to show off their latest wares. Shaun Rein, managing director of Shanghai-based China Market Research Group summed it up this way; “Chinese companies are concerned When it comes tariffs from the trade war. Attending a show which includes CES is costly, and with [US President] Trump’s rhetoric towards Chinese tech, companies in China are rethinking their strategy of investing in the US.”

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