Donald Trump
One of China’s best-performing stocks so far in 2020 is a little-known server maker that last year abruptly joined the same US blacklist that threatens Huawei Technologies’ survival.
China and the US are most likely heading toward greater friction in technology.
Companies that possess core technologies and good business models will benefit
“China and the US are most likely heading toward greater friction in technology,” said Wang Chen, a Shanghai-based partner with XuFunds Investment Management.
“Companies that possess core technologies and good business models will benefit.”
The supercomputers, servers and storage equipment it makes are essential to China’s ambitious “new infrastructure” initiative that has technologies such as large-scale data centres and next-generation telecoms networks at its heart.
