Shock and Awful

“China Shock 2.0, the one that’s fast approaching, is where China goes from underdog to favorite. Today, it is aggressively contesting the innovative sectors where the United States has long been the unquestioned leader: aviation, A.I., telecommunications, microprocessors, robotics, nuclear and fusion power, quantum computing, biotech and pharma, solar, batteries. Owning these sectors yields dividends: economic spoils from high profits and high-wage jobs; geopolitical heft from shaping the technological frontier; and military prowess from controlling the battlefield. General Motors, Boeing and Intel are American national champions, but they’ve all seen better days and we’re going to miss them if they’re gone. China’s technological vision is already reordering governments and markets in Africa, Latin America, Southeast Asia and increasingly Eastern Europe. Expect this influence to grow as the United States retreats into an isolationist MAGAsphere.” An interesting look at our increasingly heated competition with China. NYT (Gift Article): We Warned About the First China Shock. The Next One Will Be Worse.

+ “As the Trump administration’s ‘Big, Beautiful Bill’ eliminates many clean-energy incentives in the U.S., China continues huge investments in wind and solar power, reportedly accounting for 74 percent of all projects now under construction worldwide.” Photos: The Scale of China’s Solar-Power Projects.