Gavekal Technologies

As presidents Donald Trump and Xi Jinping prepare for their summit meeting in Washington, China’s fast-growing technology capabilities are a major topic. The big questions at the moment are how close Chinese artificial-intelligence labs are to matching the US frontier models, and whether the two sides can start negotiating rules on AI safety. But behind those lie even bigger questions: What is the balance of technological power between the US and China? And how far can the world's two big tech powers go in pulling apart the thick webs of interdependence that tie them together?

On September 7, China’s Ministry of Commerce issued the preliminary ruling of its anti-dumping investigation into semiconductor-grade dichlorosilane imports from Japan, finding that Japanese imports were “dumped” and caused “material injury” to China’s domestic industry.