The U.S. and China should be looking more for ways to co-operate than compete in technology.
President Joe Biden attends an announcement event with Siemens on a “Future Made in America”, March 4, 2022, at the White House. Credit: Official White House Photo by Adam Schultz via Flickr
President Joe Biden’s recent executive order restricting American investments in Chinese semiconductors, microelectronics, quantum information technology, and artificial intelligence marks another escalation in the Sino-American tech war. In the context of the two superpowers’ intensifying geopolitical rivalry, the chances that this conflict will be resolved anytime soon are virtually zero, to the detriment of the global economy.
In his 2018 book Doing Capitalism in the Innovation Economy, venture investor William H. Janeway highlights the U.S. government’s pivotal role in spurring innovation by funding research and development in critical defense technologies. Despite the significant expenditure associated with these technological advances, the scale of America’s economic reach effectively drove down the costs of cutting-edge tech products and services. These innovations were subsequently commercialized through private entrepreneurship, ma
Exclusive longform investigative journalism, Q&As, news and analysis, and data on Chinese business elites and corporations. We publish China scoops you won't find anywhere else.
A weekly curated reading list on China from David Barboza, Pulitzer Prize-winning former Shanghai correspondent for The New York Times.
A daily roundup of China finance, business and economics headlines.
We offer discounts for groups, institutions and students. Go to our Subscriptions page for details.
Robert Lighthizer, the U.S. Trade Representative under Donald Trump, reflects on his decision to launch the trade war with China and begin the process of "strategic decoupling" — a process he says the U.S. must see through to the end.