Good evening. Between Chinese encroachments on Taiwan and Taiwan’s military spending spree, it can certainly feel like the drums of war are beating in East Asia. And yet, American investment into Taiwan has been steadily rising in recent years. U.S. companies invested over $1.55 billion last year — the highest annual level reported since 2008. Our cover story this week examines the Taiwan contingency and if American multinationals are prepared.
Elsewhere, we have infographics on the China cliff facing foreign carmakers; an interview with Oriana Skylar Mastro on China’s ‘upstart’ strategy; a reported piece on Temu and Shein’s changing tacks; and an op-ed from Paul Triolo on the potential new U.S. export controls on the semiconductor industry. If you’re not already a paid subscriber to The Wire, please sign up here.
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Ready or Not
A Chinese attack against Taiwan represents the ultimate geopolitical contingency for global business. Are American multinationals prepared? Luke Patey reports.
The Big Picture: The China Cliff for Foreign Carmakers
Will there be any foreign automakers left in China five years from now? Our infographics this week look at the seismic shifts in China’s car market.
A Q&A with Oriana Skylar Mastro
Oriana Skylar Mastro is a fellow at the Freeman Spogli Institute for International Studies, an assistant professor of political science at Stanford University, and a reservist in the U.S. Air Force. Her research focuses on Chinese military and security policy, and her recent book, Upstart: How China Became a Great Power, uses business literature to offer a new framework for understanding China’s strategies and its competition with the United States. In this week’s interview with Rachel Cheung, she discusses how China has exploited vulnerabilities in U.S. strategy, where it has been more ‘entrepreneurial’ in its approach, and how the U.S. should counter these efforts.
Oriana Skylar Mastro
Illustration by Lauren Crow
Why Temu and Shein Face A Frostier Future
The fast-growing Chinese e-commerce companies are changing tack as challenges to their cheap import models multiply. Rachel Cheung reports.
Decoupling Without Direction
Expected new U.S. export controls on China will accelerate the decoupling of the semiconductor sector, and as Paul Triolo argues in this week’s op-ed, they will bring big losses to American companies.
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