Analyst Zheng Weibin says that while the China-US competition is a tussle for power that some would compare to the Cold War of the 20th century, digital technology is making all the difference in the 21st century. Today's competition is taking place amid changing definitions of national strength and economic power, and China needs to catch up in terms of growing its digital economy and meeting the challenges that come with it.
Analyst Zheng Weibin notes that the clampdown on Didi shows that the competitive relationship between China and the US has affected the global interactions of tech giants, and political factors will matter more in global investments of startups in China. In the aftermath, will technological innovations such as digital manufacturing through artificial intelligence be straitjacketed?
Analyst Zheng Weibin notes that heightened US-China competition means a technological edge will be key. To safeguard that advantage, the US may rely on state intervention in the science and technology sector, while tapping on its alliance network. How will this approach affect China and the world?
Despite concerns that Taiwan might lose US support under the Biden administration, so far it seems that the opposite is true — the US has in fact maintained or even stepped up its support for Taiwan. But as platforms and mechanisms evolve in relation to containing China, how valuable will Taiwan still be as a geostrategic asset?
Zheng Weibin asserts that the US will soon be stepping back into an international arena that is much changed. The US cannot hope to regain a unipolar dominance, if it arguably ever had it. Rather, a multipolarity ruled by regional pockets of issues-based interests is taking shape, starting in Asia.
Zheng Weibin assesses that the future of the US’s leading role in Asia depends on whether it can see itself retreating from the region and letting their allies in Asian exert influence by proxy. If that is the case, Taiwan may no longer be such a key set piece. Moreover, if both the US and China recalibrate their thinking about each other, they might reach a consensus on coexistence.
RCEP, the largest free trade agreement signed thus far, includes China, Japan and South Korea — the largest, second, and fourth largest economies in Asia. This heralds a new Asian era, says Zheng Weibin. Apart from the pure economic benefits that this will bring, the fact that the US is not a part of the grouping gives China some leverage against moves from the US such as its military presence in East Asia and attempts to reforge alliances against China. In this game of move and countermove, who will be the first to say "checkmate"?
Analyst Zheng Weibin says that as the Trump administration continues to target China without a clear shape to its strategic competition strategy, Beijing cannot afford to think that it can brazenly respond in kind. Employing stealthy guerrilla warfare tactics may be more appropriate.