China Companies' Absence from CES Is a Loss for the US

Chinese High-Tech Firms Skip CES Due to US Sanctions... Negative Impact on CES Prestige
US-Triggered China-US Conflict Hinders Optimal Global Resource Allocation

[Asia Economy Beijing=Special Correspondent Jo Young-shin] The Chinese state-run Global Times reported on the 5th that a significant number of Chinese companies will not participate in 'CES 2022,' the world's largest IT and electronics exhibition, due to US-China conflicts such as sanctions against Chinese companies.

[Image source=Reuters Yonhap News]

The media reported on the 5th (local time) that although more than 2,200 companies will attend CES opening in Las Vegas, USA, the number of Chinese participating companies has significantly decreased compared to previous years. The media claimed that the sharp decline in the number of Chinese companies participating is due to political reasons by the US, such as sanctions against Chinese companies.

The Global Times did not disclose the number of Chinese companies participating in CES but reported that Chinese companies on the US government's sanctions list are not attending CES.

An official from a Chinese company on the US government's sanctions list said, "We could not set up a booth at CES because we are on the US sanctions list," expressing dissatisfaction with the US government, saying, "Political issues are becoming obstacles to technological communication."

The media cited a Chinese IT company official, explaining the background of Chinese companies' absence from CES by stating that political reasons are blocking global technology exchanges and that political factors are becoming increasingly important.

Additionally, it was noted that the spread of COVID-19 variants such as Omicron is also one of the reasons for the absence of Chinese companies at CES.

A Chinese company official said, "The decrease in the number of Chinese companies participating will also affect the status of CES," adding, "The absence of Chinese companies means the loss of a channel for technology exchange between China and the US."

The Global Times reported that in 2018, 1,551 Chinese companies participated in CES, accounting for 30% of all participating companies. However, as US-China trade conflicts intensified, only 1,213 Chinese companies participated in CES in 2019.

Hu Chi-mu, a senior researcher at the Synosteel Economic Research Institute, said, "The US-triggered US-China trade friction has distorted the global industrial chain and hindered the optimal allocation of global resources," adding, "The distortion of the global industrial chain led by the US will not help the US economic recovery."

The Global Times added that some high-tech Chinese companies such as Hisense, RoboSense, and Lenovo are participating in CES both online and offline.

CES is a place for exchange where one can grasp the flow of cutting-edge technologies not only in IT and electronics but also in the automotive sector, and it is also a communication venue for selling advanced products. Therefore, disadvantages for related Chinese companies seem inevitable.

This content was produced with the assistance of AI translation services.