Much of the recent attention devoted to the US-China relationship has focused on the October 30 meeting between presidents Donald Trump and Xi Jinping in Busan, South Korea. There, the two leaders struck a deal that reduced trade tensions and, at least temporarily, seems to have ameliorated several highly contentious issues. It was clearly a positive diplomatic step—although many more are needed.
But another event last month may ultimately do far more to determine both the deeper, longer-term economic relationship and the outcome of the intense technological competition underway between China and the United States.
Continue reading “China’s new five-year plan should be a wake-up call for the United States” →