Blog
I believe the most important thing Americans must do is to secure their economic well-being in an increasingly challenging, complex world. What I have written about all these years is the process of creating wealth, not for any one individual, but for the United States as a whole. Ever since I was a young correspondent witnessing the emergence of China after the country opened in 1979, I’ve believed we have to get more serious about creating wealth. I retain faith in the resiliency of the U.S. economy and the enterprise of American people. If Americans have the right strategies, we can once again create widespread wealth. Come with me on this journey.
America’s Venture Capitalists are Investing in Chinese AI
February 16, 2023
The Center for Security and Emerging Technology has done it again–they have come up with break-through research on a highly sensitive U.S.-Chinese technology issue. In this case (report can be seen here). It turns out that U.S. venture capitalists are investing heavily in Chinese AI start-ups. Some 37 percent of all AI investments in China […]
Apple Tries to Shift Out of China? Too little, too late?
February 16, 2023
Quartz is reporting that Apple’s main factory contractor, FoxConn, is about to invest $300 million in Vietnam in an effort to reduce Apple’s dependency on China as a manufacturing platform. Apple has waited too long. The Chinese almost certainly will find ways to retaliate against Apple and they have dozens of ways to do it–supply […]
Did China figure out a way to fool America’s defenses?
February 13, 2023
There’s much gnashing of teeth about why so little is known about the three objects that have been shot down over the United States and Canada since a Chinese spy balloon was destroyed in the Atlantic Ocean. I suspect the answer is that the Chinese figured out a way to exploit “near space,” an area […]
The biggest obstacle to Biden’s efforts to limit China tech? American CEOs
February 10, 2023
As a result of the spy balloon incident, it’s increasingly clear that the Biden Administration is going to rachet up its efforts to choke off the supply of advanced American technologies to China, as per this article in today’s New York Times. One lawyer is quoted as saying: “Industry is kind of united. We don’t […]
The media/New York Times seem to have decided China is now weak. Don’t buy it.
January 18, 2023
There’s a burst of media coverage today about China’s problems–its deaths exceeded births last year, here, under the headline: “Why China’s Shrinking Population is Cause for Alarm.” And its population is aging. Among other things, it could hurt the global econony if there are not enough Chinese workers. Then the pudding-headed columnist Bret Stephens writes […]
The new strategic cooperation with Japan is hugely important
January 13, 2023
The foreign and defense ministers of Japan and the United States have signalled, even as Prime Minister Kishida was meeting President Biden, that a major shift in Japanese strategy in countering China has occurred. This, in addition to the doubling of Japan’s defense budget from 1 percent to 2 percent of GNP, means that the U.S. […]
