The China Question

www.worldecr.com 15 ThE ChInAquESTIOn Tightening controls on investment into critical industries is seen as key to slowing down Chinese advancement in the US and other countries. A s China’s wealth has exploded, so has its appetite for investing in or buying cutting-edge tech companies in the United States and Europe, oentimes to get at the technologies that it craves. To prevent Beijing from reaching into these tech treasure chests, the United States and its allies are expanding and fortifying investment regulations as one way to slow China’s race for tech supremacy. Aer its spectacular rise to emerge as the world’s second-largest economy in less than a generation, China’s leaders want no slowdown in advancement. e Chinese Communist Party (‘CCP’) has etched out milestones that industries must meet for the nation to remain on track of its goals. In technology, one milestone is 2030. at is the CCP’s deadline for China to become the world leader in artificial intelligence (‘AI’). But since that goal was outlined in 2017, the United States and its allies have not only FIRRMA gRIP CHINA