In the next few years, three immediate risks seem likely to dominate America’s dealings with Xi’s government. The first is that a future U.S. administration will abandon our current technology strategy, despite early signs that it is beginning to work. So far, the aggressive mix of investment in developing key technologies at home with increasing control of sensitive exports to Chinese firms has prompted Xi Jinping’s strongest protests. The danger is not simply a reversal of the strategy, but a failure to drive it further forward.
