As Beijing emphasizes the need to wean China off foreign technology, and as China moves up the technology ladder to become a “cyber power” in its own right - expect more friction.
Some experts even go so far to describe the current state of US-China commercial relations as a Cold War.
Recent tit-for-tat trade actions will deepen what has become a global contest for technological dominance between the United States and China.
Plus, the Trump administration is expecting lots more investment by Beijing in semiconductors and acquisitions of international technology companies by Chinese companies.
State capitalism vs. market capitialism.
How do you power a nation's economy? Do you build it? Do you borrow it? Do you buy it?
Sleep with one eye open. We're off to a new never-never-land.
There is a silver lining to all this.
We are witnessing national economic development in real-time and will have the answer within a generation.
-Marc A. Ross
Marc A. Ross is the founder of Caracal Global and specializes in global communications and thought leader management at the intersection of politics, policy, and profits. Working with boardrooms and C-Suite executives from multinational corporations, trade associations, and disruptive startups, Marc helps leaders create compelling communications, focused content, and winning commerce.