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Business trends

China tightens grip on key components of tech economy

Nikkei survey shows country with 30%-plus share in solar panels, PCs and more

China has become a leading manufacturer of batteries for electric vehicles.   © Reuters

TOKYO -- Chinese companies control 30% or more of the global market for 15 key technology products and services, a Nikkei survey shows, underlining the challenge faced by countries seeking more independent supply chains.

The survey for 2020 was shaped by the coronavirus pandemic as well as the ongoing Sino-American rivalry that is fragmenting the global economy. The U.S. is pushing "buy American" policies in government purchasing and working to bring home manufacturing of such items as semiconductors.

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