Navigating geoeconomics in a new era of US–China relationship

Much of the US–China competition is about technology and the race to dominate strategic emerging sectors. The world is seeing a return of a strong role of the state as well as the deployment of industrial policies, some of which will be more successful than others. Although the rising competition heralds greater tension, a global architecture that delineates clear and transparent rules around technology competition, data flows, and one that favors more policies that strengthen oneself rather than limit others will help better manage the age of greater power competition and geoeconomics.