Ombudsman Alert China VS. the USA: Who Wins and Who Loses?

China VS. the USA: Whoย Wins and Who Loses?

BY DR. LOUIS ALPERT

Ombudsman

As an alumnus and former mathematics instructor at M.I.T, this ombudsman once again received the permission of editor David Rotman of the MIT Technology Review, to quote directly from their current articleย ย bearing the above-stated title:

โ€œBorn in Beijing and educated at Harvard, Yashheng Huang, a professor at MITโ€™s Sloan School of Management, is a keen observer of Chinaโ€™s entrepreneurial efforts and the role the government has played in the countryโ€™s remarkable growth.โ€ The Technology Review recently interviewed Dr, Huang, posing several key questions which will be presented below together with their responses from him:

โ€˜IN WHAT AREAS OF TECHNOLOGY IS CHINA AHEAD?โ€™

โ€œIn AI(Artificial Intelligence) and Big Data, China is surging ahead, thereโ€™s no doubt, These are areas compatible with the governmentโ€™s politics and things like its โ€˜social creditโ€™ system. People also talk about life sciences. To some extent, thatโ€™s developing fast for similar reasons as AI. You just plunge ahead without privacy complaints, without safeguards, regulatory constraints.

In a very crude sense, you can develop science very fast without constraints,

In anything that requires a lot of capital commitment, and thatโ€™s in line with the political objectives, you can expect China to move forward. So, for example, in quantum computing and maybe even microchips.โ€

โ€˜HOW MUCH DOES CHINA DEPEND ON THE US FOR FINANCE, TALENT, and IP?โ€™

โ€œChina is not dependent on the US for financing, and is exporting talent to the US. In terms of intellectual property, we just donโ€™t know. Thereโ€™s a perception that China parrots US, and I think as a general description thatโ€™s probably right. but China is also producing some IPย ย as well. I think China is, however,very dependent not just on the US but also on Japan, South Korea, and other countries for critical, key components in their manufacturing.โ€

Finally, โ€˜WHO IS LOSING MORE FROM THE TRADE WAR?โ€™

โ€œIf I must give an answer, I would argue China. Even though the Chinese economy is growing at a higher level, it is tending downwards. Whereas the US economy is trending upwards. There is concern about overheating in the US economy, but to some extent, a trade war acts as a brake on an overheating economy. In the Chinese case, its like taking away the fuel from a fire that is diminishing. Whether the US has the tolerance, thatโ€™s a separate question. It could be that the US is losing less, but then the political system here is more sensitive.โ€

Please address all comments and questions to:ย editor@rocklandcountytimes.com

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