The United States could suffer losses estimated at trillions of dollars in economic growth if it fails to match China’s growing technological rise, according to a new report from the American research center. The Special Competitive Studies Project (SCSP) Chinese technological superiority would cost Americans not only economic growth points and jobs, but could allow Beijing to take the reins of the world’s digital infrastructure, underlines the report of the SCSP, a bipartisan group whose mission is to to make recommendations to consolidate American competitiveness.
In a statement, the think tank points out that such superiority will allow China to control the global digital infrastructure, dominate technology platforms, take the reins of the production of critical technologies and exploit biotechnology and new energies to transform its society, its economy and its army.
“If we lose in these areas, it will be very difficult to regain the advantage,” added the same source.
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Chipmaking, 5G deployment and Artificial Intelligence are among the most important battlegrounds between the two rival powers, underlines the group, which recommends to the American authorities the continuation of military and commercial investments of the government, the international cooperation and the search for a balance between regulation and the promotion of innovation. The escalation of tensions between the United States and China is at its peak with the persistence of disputes over trade, human rights, the alleged piracy of research or even rivalries in the Indo-Pacific region. These differences have been exacerbated by the deep crisis linked to the COVID-19 pandemic.
In Washington, the strategy of confrontation and the muscular discourse towards Beijing, which was the particularity of the style of former President Donad Trump, continues under the Biden administration with a new escalation around the Taiwan file.