TOKYO -- Chinese companies are continuing to expand their presence in the race for dominance in global high-technology markets with a boost from robust domestic demand, according to a Nikkei survey. China is now chasing the U.S. after topping Japan in the number of sectors in which it has taken top market share.
In 2019, China posted the largest market share in 12 sectors, including electric components, up two sectors from the previous year to rank in the second position after the U.S.'s 25 sectors. The Asian giant managed to capitalize on its cost competitiveness to narrow the gap with the U.S. despite their trade conflict.
