This US china trade war is not about few hundred billion of trade deficit US runs with China. Neither it is about China holding leverage over US in the form of its Treasury holding. This game is about Tech dominance and US knows that if it allows China to dominate in Tech world then it looses its edge and leverage.
There are links to video below where Bloomberg Businessweek’s Ashlee Vance heads out into a city where you can’t use cash or credit cards, only your smartphone, where AI facial-recognition software instantly spots and tickets jaywalkers, and where at least one factory barely needs people. This is the society that China’s government and leading tech companies are racing to make a reality, with little time to question which advancements are net positives for the rest of us.
Part One – Inside China’s Future Factory https://www.youtube.com/watch?v=eLmaI…
Part Two – China’s High Stakes Robot Wars https://www.youtube.com/watch?
Part Three- No credit cards please… only facial recognition