INTERNATIONAL INFORMATION TECHNOLOGY MARKET IN THE CONTEXT OF SANCTIONS RESTRICTIONS IN CHINA
China's "peaceful rise" strategy, launched in the early 2000s, propels the nation toward global leadership in politics and commerce. This bold foreign policy initiative drives Beijing's substantial investments in economic modernization and business development. By allocating resources strategically, China aims to secure its position at the forefront of international affairs and trade, leveraging its growing influence across multiple spheres of global engagement. Paradoxically, China's legal system in relation to information technology is relatively underdeveloped. The lack of development of legislation regulating the field of information technology, the special blurring and vagueness of the terminology used in documents regulating information and digital technologies – all this, on the one hand, hinders the development of new types of technologies, and on the other hand, allows the ruling party to keep them under state control.
However, China's share of the semiconductor market is still low. U.S. companies continue to hold a dominant position in the market. Assessing the state of China's information technology in international business, it is worth noting that the high rates of development of the PRC information technology market do not yet mean leadership in the world market.
Kuzmina V.M., Sapryka V.A. “International information technology market in the context of sanctions restrictions in China”, Research Result. Economic Research, 10(4), 51-59, DOI: 10.18413/2409-1634-2024-10-4-0-4
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