Martin Chorzempa is a senior fellow with the Peterson Institute for International Economics and is the author of a new book titled, *The Cashless Revolution: China’s Reinvention of Money and the End of America’s Domination of Finance and Technology.* Martin joins Macro Musings to talk about this book as well as the history of Chinese fintech development, the basics of super apps in China, challenges to the Chinese fintech revolution, and more.   Transcript for the episode can be found here.   Martin’s PIIE profile Martin’s Twitter: @ChorzempaMartin   David’s Twitter: @DavidBeckworth Follow us on Twitter: @Macro_Musings   Click here for the latest Macro Musings episodes sent straight to your inbox! Check out our new Macro Musings merch here!   Related Links:   *The Cashless Revolution: China’s Reinvention of Money and the End of America’s Domination of Finance and Technology* by Martin Chorzempa   *Letter From Apple Supplier Foxconn’s Founder Prodded China to Ease Zero-Covid Rules* by Keith Zhai and Yang Jie

Emily Benson (CSIS) and Martin Chorzempa (PIIE) come on to discuss the new executive order and Treasury's ANRPM (advanced notice of proposed rulemaking) on novel outbound investment screening rules on AI, quantum and semis.Treasury document: https://home.treasury.gov/system/files/206/Treasury-ANPRM.pdfOuttro music: 水碾河南三街 LSGCsikoriot https://www.youtube.com/watch?v=1Wzz1Deafh8Midjourney: used this 18th century Japanese woodprint and prompted it with "quantum semiconductor"https://www.metmuseum.org/art/collection/search/55371 Learn more about your ad choices. Visit megaphone.fm/adchoices

What will the Biden administration's new export controls mean for the US and Chinese semiconductor industries as well as the future of the US-China relationship?To discuss, I assembled the Chips Avengers, consisting of Reva Goujon (Rhodium Group), Jay Goldberg (Digits to Dollars), Doug O'Laughlin (Fabricated Knowledge), and Martin Chorzempa (PIIE). We got into The second-order implications of the Biden Administration's moves for industry What it would take for China to circumvent these controls How Beijing might strike back How the regulations could impact the risk of war Outtro music by Chinese rapper and pop star 婁峻碩 called Playlist: https://www.youtube.com/watch?v=YGl-s-FzsFIImage courtesy of midjourney from the prompt: "US China chip war EUV" Learn more about your ad choices. Visit megaphone.fm/adchoices