The US-China rivalry will continue to be fiercely competitive yet have an element of cooperation, said a speaker at the WEF meeting in China.
These countries might be able to bypass traditional industries like manufacturing to go up the value chain by adopting more advanced technologies, said Prof Jin. “Tariff wars are more political posturing than anything else,” she added. “It used to be that economics drives politics in the Western world. Now, it’s the other way around.”
The US-China rivalry, in which there are irresolvable differences, will continue to be fiercely competitive yet have an element of cooperation, especially when dealing with common challenges such as climate issues, he said. For example, on climate, given China’s competitiveness in EVs and dominance in critical minerals, cooperation could be on carbon capture and storage, he added.
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