Most recent
Gavekal Technologies: Chips
Reading The US-China Trade Truce
Laila Khawaja
7 Nov 2025
The Trump-Xi meeting produced a one-year trade truce, but the two sides appear misaligned on what was agreed. Washington claims Beijing will effectively eliminate its rare-earths and critical material controls, but Beijing signals only limited easing through softer enforcement, rather than a formal rollback. Moreover, Trump has repeatedly shown his willingness to redraw the lines of national security, leaving Beijing space to negotiate further concessions.
Gavekal Technologies: Briefing
The Struggle For Technology Sovereignty
Laila Khawaja, Damien Ma, Tom Hancock
3 Nov 2025
Netherlands-based and Chinese-owned chip firm Nexperia recently became collateral damage in the US-China tech rivalry, and the Dutch government’s seizure of the company is a belated effort to regain control of a strategic technology asset. After repeated false dawns, it now seems that China is on the verge of peaking its coal consumption, thanks largely to its investments in renewables. And Chinese biotech firms are racing ahead in trialing innovative new cell and gene therapies for cancer.
More research
The US-China AI Race And Rare Earth Controls
Prominent voice in China urges rare earth controls on TSMC. Chinese view of Meta’s AI layoff. Chinese AI models expand influence in Africa.
Unpacking The Nexperia Dispute
Understanding the Nexperia dispute, Beijing seeks sensitive trade data via probe, and robots are rising, again
Rare Earth Dominance
The tensions over China’s new rare earth export controls may be abating, as Beijing and Washington try to get their trade talks back on track. But the fundamental problem remains: China has a lock on rare earth elements, and there is no easy way to break its chokehold. In this Briefing we revisit the reasons why. We also explain why China is the only country likely to solve the trilemma of making energy green, cheap and secure, and examine its aspirations in biomanufacturing.
Raising The Stakes For Trade Talks
Beijing probes Qualcomm. How to read China’s rare-earth controls. SiCarrier’s new release disappoints.
Beijing’s Balancing Act
Beijing wants foreign firms to produce in China. How to read Alibaba’s AI ambitions.
Getting Industrial Policy Right
Both China and the US are now fully committed to industrial policy, but the ingredients for success will differ in each country. In this issue of Gavekal Technologies Briefing we look at what lessons the US can draw from China’s industrial success, and what China’s next steps will be in artificial intelligence, clean energy and biotechnology.