WASHINGTON DC: There is too much “fraternising with the enemy” for US–China economic ties and global technology ecosystems to be disentangled into neat geopolitical coalitions.
First, the demise of the symbiotic “Chimerica” model, and China’s whole-of-government push to retain a larger share of domestic value-added as its growth model transitions from high-speed to high-quality growth. Six key technologies — high-end chips, software, new materials, 5G, AI and integrated circuits — are to be supported by a new mega manufacturing investment fund.
China said it would not set a 'time limit' on signing a deal to end its protracted trade spat with the US that has destabilised world markets AFP/STRThe United States and other like-minded countries must be judicious in their response to China’s economic and technological rise.
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