FT News Briefing

US-China Tech Race: The great decoupling

May 8, 2022
The podcast dives into the escalating tech tensions between the US and China, exploring the idea of a 'great decoupling.' It highlights Huawei's struggles amid sanctions and the rise of China's unique digital ecosystem with super apps like WeChat. Experts discuss the implications of US regulations on Chinese firms and the complexities American companies face in diversifying supply chains. The narrative reveals the deep-rooted economic interdependencies, concerns over national security, and the adversarial dynamics shaping the future of global technology.
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ANECDOTE

Huawei's Resilience

  • James Kynge interviewed Ren Zhengfei, Huawei's CEO, amidst US-China tensions.
  • Ren compared Huawei to a WWII Soviet warplane, damaged but still flying.
INSIGHT

China's Tech Galapagos

  • China's tech landscape has developed unique platforms, like super apps offering diverse services.
  • This "Galapagos effect" makes it distinct from Western tech ecosystems.
ANECDOTE

Super-App Overload

  • Lillian Li, a "sea turtle" returnee to China, found the super-app Meituan overwhelming.
  • Its vast array of services contrasted sharply with simpler Western delivery apps.
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