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Forget trade wars, the real US-China clash is a tech war

This matters a great deal for tomorrow’s economic and military battles

By George Magnus  

Chinese President Xi Jinping with US President Donald Trump outside the Great Hall of the People in Beijing last year. Photo: Li Tao/Xinhua News Agency/PA Images

The risk of a trade war between the United States and China is real enough, reflected in financial market reactions last week. For the moment though what we are seeing is skirmishes, not war, and one imagines there will at least be attempts at bilateral talks before things get much worse.

Still, there is one aspect of last week’s developments that merits particular attention.…

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