Saturday, June 14, 2025
HomeGlobal AffairsConflicts & DisastersThink Tank Expert: U.S. and China Both Winners in Global Faceoff

Think Tank Expert: U.S. and China Both Winners in Global Faceoff

Date:

Related stories

WTI Oil Slides, Analysts Eye Hormuz Threat

Global oil markets faced a dramatic reversal today as...

J-35A Soars: Who Wins in China’s Stealth Jet Surge?

The mass production of China's J-35A fifth-generation stealth fighter...

Israel Strikes Iran: Who Gains, Who Fuels the Fire?

The recent Israeli strikes on Iran’s nuclear and military...

IonQ Makes Quantum History with $1.075B Deal

In a landmark deal poised to reshape the quantum...

IAF 2025: Uniting the Global Athlete Community for Change and Inspiration

The 12th edition of the International Athletes’ Forum (IAF),...
spot_img

Charles Ormiston, Chair of the Angsana Council, a prominent Singapore-based think tank, provides a thought-provoking perspective on the intense rivalry between the U.S. and China. Often likened to a high-stakes sporting contest, this article examines how both global giants stand to gain from the fierce competition, leading to greater innovation, economic growth, and technological advancements. Through a detailed analysis of their economic dominance, technological leadership, competitive strategies, and global impact, the article sheds light on the multi-faceted aspects of the U.S.-China faceoff.

 

Economic Dominance: A Formidable Duo

 

The U.S. and China’s combined economic power surpasses that of other major economies, such as Japan and Germany, with a fourfold GDP that creates a unique environment for substantial investment in research, education, innovation, and new businesses. The scale of these two giants ensures their capacity to maintain a high level of competitiveness, setting them apart from the rest of the field.

 

Technological Supremacy: Setting the Pace

 

A comprehensive study conducted by the Australian Strategic Policy Institute illustrates that China leads in 37 of the 44 critical technologies, outpacing the U.S. in seven fields. This technological dominance is evident in multiple areas, including market capitalization of technology-centric companies, venture capital deployment, startup landscape, and global market share in various technology sectors. Both nations are racing ahead, leaving others far behind.

 

Innovation through Competition: Driving Progress

 

China’s remarkable progress, especially over the last four decades, is attributed to a mix of intense competition and innovation-driven growth. Provincial governments compete vigorously in high-growth segments, harnessing subsidies, land allotment, and partnerships with universities and state-owned enterprises. This fierce competition extends to various industries, resulting in a Darwinian struggle that propels sectors like mobile phones, e-commerce, solar panels, and electric vehicles to new heights.

 

Global Spillover Benefits: A Silver Lining

 

While concerns arise regarding wasteful duplication and potential geopolitical tensions, the competition between the U.S. and China has a significant silver lining. The world stands to benefit from duplicated investments in critical areas like semiconductors, solar panels, batteries, and next-generation power transmission, as both rivals strive for supremacy. This spillover effect contributes to global innovation and technological progress.

 

Global Engagement: A Complex Relationship

 

Despite the U.S.-China rivalry, most countries in the world have deeply integrated economic ties with both giants. This complex web of global engagement means that the world will not merely choose one rival over the other. Instead, nations will maximize spillover benefits from both, recognizing China’s status as a significant trading partner and the U.S.’s broad engagement.

 

Challenges and Potential Disasters

 

Both countries grapple with domestic challenges, from demographic decline and property bubble concerns in China to sociopolitical polarization and a competitive manufacturing sector struggle in the U.S. While the prospect of a direct conflict over Taiwan remains a significant concern, the global landscape lacks an up-and-coming rival that is free from substantial challenges.

 

Innovation and Prizes: A Bright Future

 

The U.S.-China rivalry, while carrying several negatives, holds a silver lining of faster innovation and technology spillover to the rest of the world. Breakthroughs in clean technologies, nuclear fusion, quantum computing, and biomedicine are within reach, driven by the innovation prowess of the U.S. and China. Just as in sports, where Nadal, Federer, and Djokovic often emerge victorious, these global innovators are poised to lead the way, reaping most of the prize money and shaping the future of technology and innovation.

 

Conclusion

 

The U.S.-China faceoff, resembling a strategic yet competitive match, is set to propel both nations to greater heights. The race for innovation and technological supremacy holds the potential to transform the world, and while challenges and concerns persist, the spillover benefits for the global community make this rivalry a double-edged sword.

Saeed Minhas
Saeed Minhas
Saeed Minhas (Saeed Ahmed) is a researcher and veteran journalist adding valuable opinions to global discourses. He has held prominent positions such as Editor at Daily Times and Daily Duniya. Currently, he serves as the Chief Editor at The Think Tank Journal. X/@saeedahmedspeak.

Latest stories

Publication:

spot_img

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Privacy Overview

THE THINK TANK JOURNAL- ONLINE EDITION OF This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognizing you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.