Microsoft's President Warns That China’s Tech Advancements May Rival US, Urges Western Firms To Drive Innovation

Benzinga

Microsoft’s President Brad Smith cautioned against underestimating China’s tech progress, emphasizing at the Web Summit in Lisbon that China is approaching or catching up with the U.S. in some areas. Smith highlighted that U.S. and Chinese firms will remain competitive for the foreseeable future, urging Western collaboration to drive global economic and tech advancements. Microsoft, active in China since 1992, maintains a significant local R&D presence. Smith noted that tech exports depend on approvals from Chinese and U.S. governments.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:02Microsoft's president, Brad Smith, cautioned against underestimating China's tech progress,

00:07emphasizing at the Web Summit in Lisbon that China is approaching or catching up with the U.S.

00:12in some areas. Smith highlighted that U.S. and Chinese firms will remain in competition for

00:17the foreseeable future, urging Western collaboration to drive global economic and

00:22tech advancements. Microsoft, active in China since 1992, maintains a significant local R&D

00:28presence. Smith noted that tech exports depend on approvals from both the Chinese and U.S.

00:33governments. For all things money, visit Benzinga.com slash GSTV.

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