The battle to dominate 5G, for instance, has seen Huawei face intense political pressure from the U.S.
"Tariffs, trade, goods, this is only a sideshow," Geoffrey Yu, head of the U.K. investment office at UBS Wealth Management, said. "The big sign of U.S. contention is going to be on technology, on 5G and those issues. This is going to be a multi-decade process."Tech could be the crucial issue to solve in finding a complete resolution to Washington and Beijing's dispute.
But beyond that, the world's two largest economies are in a fierce race to harness the potential of nascent technologies, including 5G, artificial intelligence and robotics, in a bid to be the world leader in those fields. "Everyone is trying to leverage on this new form of technology to come up with new ideas, new business models and new innovations. The race is very different now compared to perhaps a decade ago."
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