By Andrew Sheng and Xiao Geng HONG KONG US President Joe Biden’s recent executive order restricting American investments in Chinese semiconductors, microelectronics, quantum information technology and artificial intelligence marks another escalation in the Sino-American tech war. In the context of the two superpowers’ intensifying geopolitical rivalry, the chances that this
By Andrew Sheng and Xiao Geng HONG KONG US President Joe Biden’s recent executive order restricting American investments in Chinese semiconductors, microelectronics, quantum information technology and artificial intelligence marks another escalation in the Sino-American tech war. In the context of the two superpowers’ intensifying geopolitical rivalry, the chances that this
The standoff threatens to fragment the world economy and unravel many of the structures underpinning global stability and prosperity, write Andrew Sheng and Xiao Geng
CAMBRIDGE – A central premise of neoclassical economics is that the consequences of the decisions of market participants can be known in advance and quantified as risk-adjusted estimates. As John Kay and Mervyn King showed in their 2020 book, Radical Uncertainty: Decision-Making Beyond the Numbers, such probabilistic reasoning has a long history. As applied in |