Headlines on the current discord between the United States and China speak only of ‘trade war’. Negotiations in Geneva have led to a 90 day ‘truce’. If only the war were that limited. If only agreement on solving trade hostilities would return things to normal. But what is normal?
Sadly, trade is just one aspect of a much broader war, in which neither side is contemplating a truce. The head of China’s BGI group, a former high ranking official, understands the reality better: ‘Many people talk about financial and trade wars, but the deadliest battle is the technology war. The technology war will ultimately determine the fate of both sides. Whether the US can defeat China or whether China can rise from adversity will depend on the technology war.’
But it is a broader war than finance, trade and technology.
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