China Can No Longer Rely On Borrowing From West for Development, Pony Ma Says
Liao Shumin
/SOURCE : yicai
China Can No Longer Rely On Borrowing From West for Development, Pony Ma Says

(Yicai Global) May 22 -- China has come to the forefront of development, and there is no room to continue borrowing vital resources from the west, Tencent founder Pony Ma said at the Global Digital Partner Forum yesterday. 

The experience of ZTE and Huawei are a cause for concern for Shenzhen-based Tencent, especially if the trade war evolves into tech war, he added. "If we don't focus on basic research and key technologies, our digital economy will be unsustainable," he said. 

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Keywords: Tencent , Huawei