Finally, China is racing to set international technical standards for next-generation technology such as advanced microchips, the internet of things, cloud computing, big data, 5G, intelligent health care, and AI.37 In most of these industries, there will be only one set of global standards, and the country that sets them will likely rule the market because its products will already meet the required specifications. The Chinese recognize this advantage and have a saying: third-tier companies make products, second-tier companies make technology, top-tier companies set standards.
