China is ramping efforts to topple America’s high-tech dominance. Beijing wants to take the lead in an array of advanced technologies, ranging from artificial intelligence to medical equipment. It faces challenges, of course, but it is methodically gaining ground on the U.S. and developed nations. Whether China succeeds or fails at its lofty goals, ripple effects will continue to sweep across the globe. The most innovative U.S. companies along with U.S. tech experts are sounding the alarm about China’s growing aspirations.
The technologies in China’s crosshairs require massive amounts of capital, research and innovation. In addition to AI and medical gear, there’s also industrial robots, electric vehicles, aerospace equipment, satellites, electric power equipment, telecom gear and agricultural machinery. “Today the China challenge is pointed directly at U.S. advanced industries, many of them critical to our defense industrial base,” writes Robert D. Atkinson, president of the Information Technology and Innovation Foundation, in a recent article. Continue reading “China’s Mounting Tech Ambitions Target U.S. Leadership”
2049 will mark the 100th anniversary of the Communist Party’s rise to power in China: A century marked by violence, revolution and, ultimately, reinvention, as the country slowly embraced capitalism and opened to the world (but without embracing democracy).
2049 is also the year by which Beijing wants to surpass the United States as the world’s greatest power both economically and militarily. And China is already well on its way to achieving this goal.
Continue reading “China Dream: Beijing Charts Path to Achieve Superpower Status, Overtake U.S.”
The foundation for China’s relentless drive toward increased global influence is straightforward: Gain a dominant position in key economic sectors and leverage that into far-ranging political sway. Beijing is brimming with ideas for achieving that goal and is making progress in doing so.
By any realistic assessment, China is on course to succeed the United States as the world’s top economy. Consider this: China has only to sustain growth in its national economic output, or GDP, at a 6.5% annual rate versus the U.S.’s 2% – about the pace at which each economy has been expanding recently – and it will overtake the United States as No. 1 sometime between 2025 and 2030. After four decades of astonishingly brisk expansion – topping 10% a year for much of that time – China already is “the world’s factory,” and now the manufacturing dynamo is preparing to branch out into sophisticated fields from robot technology to ramped-up computer chip making. Continue reading “China’s Vast Geopolitical Visions Come Into Focus”
Beware of a growing trend in politics—websites masquerading as unbiased news organizations that are run by politicians, political parties or activists created to tout their partisan views.
Republicans have been particularly savvy in utilizing this technique to spread their messages and discredit Democrats. Continue reading “Fake News Websites Proliferating”
“Anonymous personalization,” or the ability to offer online shoppers personalized promotions while letting them remain anonymous to the seller, is the Holy Grail of online retailers, according to Paula Rosenblum, Managing Partner of RSR Research. Retailers like personalization because it can win new customers and make their marketing more cost-effective. Plus many shoppers do not like having to go to multiple locations and would welcome having items of interest to them all in one place online. Apparel shoppers, especially, want to see in one place ensembles that reflect their preferences, size and style. Retailers would love to provide all this, if customers would be willing to share their personal information.
Some customers are willing to share their data: The online clothier Stitch Fix has two million clients who have taken a 15-minute personal profile survey. Other online apparel sellers following the same model are Wantable and Indochino. Continue reading “Can Online Shoppers Ever Get Both Personalization and Privacy?”
Next time congressional leaders suggest they’re ready to bury the political hatchet and work together in good faith toward a common goal, take their words with a grain of salt. In fact, make it a block.
Take this week’s immigration “debate.” When Senate Minority Leader Chuck Schumer (D-NY) agreed to reopen the government last month, he did so on a promise from Senate Majority Leader Mitch McConnell (R-KY) to debate a key Democratic agenda item: Legislation to protect the 1.8 million “Dreamers,” immigrants brought to the United States illegally as minors. McConnell vowed an “amendment process that is fair to all sides.” Continue reading “Don’t Believe The Hype. Congress Can’t Play Nice.”
As the fight against ISIS winds down, America is deepening its involvement in Syria’s bloody civil war, risking conflict with friends and foes alike.
The Trump administration has committed the U.S. to Syria for the long haul, despite President Trump’s apparent misgivings about U.S. military spending in the Middle East.
Continue reading “U.S. at Odds with Friends and Foes in Syria”
Tech companies are facing mounting pressure to show what’s under the hood of their artificial intelligence tools, which guide driverless cars, enable facial recognition apps, decide what ads to show internet users and much more. The decision-making software that automates such tasks is usually a closely guarded secret. Advocates for transparency say that tech companies should reveal more information about how these systems work when they are used to guide public policy. Continue reading “Will Tech Companies Have to Divulge AI Secrets?”
It’s not just the stock market that tumbled this week. Crude oil prices are down sharply, too. But is this the end of the “epic price rally” that I wrote about two weeks ago?
Benchmark West Texas Intermediate crude has fallen by more than 10% from its Jan. 26th peak of $66 per barrel. Much of that selloff has coincided with the sudden drop in stock prices that began a week ago. This week, when the Dow Jones Industrial Average saw its two biggest single-day point drops in history, WTI came along for the ride. Continue reading “What To Make Of the Oil Market Stumble”
The controversial “Nunes memo” – named for House Intelligence Committee Chairman Devin Nunes (R-CA), who spearheaded it – has been made public, and Washington is in a frenzy trying to prove or disprove its explosive allegations of bias against President Trump at the top levels of the FBI and Justice Dept. (For our take, check out the latest issue of The Kiplinger Letter).
Further muddying the waters is the potential release of committee Democrats’ rebuttal memo, which Trump would also have to authorize.
Continue reading “Nunes Memo Won’t Hinder Trump-Russia Probe”