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US trying to kill Chinese tech only makes it stronger

Money Control · 9m

The US's attempts to hamper China's technological rise may inadvertently be giving its rival a boost. China's Premier Li Qiang called for the world to lean into clean energy, artificial intelligence, and biotech to spark a fourth industrial revolution. However, this prescription clashes with the ongoing technological trade war between the US and China. Despite US efforts, China is still heavily investing in research and development, with significant government backing. China is making advancements in areas like lithium-ion batteries and electric vehicles, potentially closing in on the US. By trying to impede China's progress, the US may be making it more powerful.