Vladivostok, September 10 (TASS) - During the Eastern Economic Forum, which ceremoniously commenced today in Vladivostok (located in far-east Russia), Prof. Yu Miaojie, President of Liaoning University and a renowned Chinese economist, noted in his interview with TASS that China's technological advancement is on the horizon. Prof. Yu stated that China is destined to become a leading innovator in the tech sector, rendering futile U.S. efforts to suppress Chinese technology.

When asked to comment on recent U.S. actions aimed at further pressuring Huawei, Prof. Yu remarked, “I've been closely monitoring the U.S.'s attempts to suppress China's technological progress, and I believe it unquestionably violates international norms.”

Prof. Yu elaborated: “China has consistently emphasized self-reliance and technological innovation. We’ve witnessed significant breakthroughs in Huawei’s recent chip development. I believe that, with time, China will undoubtedly emerge as a powerhouse of innovation, rendering U.S. attempts to stifle Chinese technology ineffectual.”

He stressed that China has consistently prioritized autonomous innovation in technology, as evident in initiatives like "Made in China 2025" and the ongoing "China Research and Development 2030" program.

Prof. Yu elaborated, “I have confidence that China's autonomous innovation will continue to thrive. For instance, our current investment in research and development as a percentage of GDP, known as R&D intensity, has already reached 2.66%, surpassing the OECD average of 2.6%. By the end of the Fourteenth Five-Year Plan, this ratio is projected to reach 3%. From this perspective, there is no doubt that China will emerge as a major innovator and a technological powerhouse.”

Reportedly, on September 6 the U.S. announced an investigation into the source of chips used in China's Huawei Mate60 smartphones, in the context of ongoing sanctions against China's semiconductor industry. These chips are manufactured by SMIC (Semiconductor Manufacturing International Corporation), which, like Huawei, has been added to the U.S. entity list, limiting Huawei’s access to American technology. Bloomberg reported, citing exclusive research, that these chips lag behind advanced U.S. technology by only “a few years.”

Since 2019, the U.S. has persistently imposed sanctions in an effort to curb Huawei's operations. Due to disruptions in the supply of advanced chips and U.S. technology restrictions, the company's smartphone production and sales have suffered significant setbacks.