China’s emergence as a technology superpower, in some respects, signals that we now live in an increasingly bipolar technology world. China and the United States are the world’s two largest consumers of information technology. They have also become the two largest suppliers of this technology to the rest of the world. On many days, a scan of stock market listings will show that seven of the world’s ten most valuable companies are technology enterprises. Five of these seven are American, while the other two are Chinese. A decade from now, the mix of companies topping this list is likely to have
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And if data is MORE than just the new oil the Chinese advantage is in the collection of data w/o oversight or privacy protections. They simply have more data to work with, and that will continue to work to their advantage. A relative Chinese weakness -- immigration. The US, even in the last 4 years, relative to China, has a more permissive immigration policy. Making that policy less restrictive (actively promoting a larger population) is a net positive on that most basic of scales.
