Digital construction of the wall: is the world dividing into two economic spheres?
Technology companies such as Huawei or Tencent are being pepped up in China with government funds until they are global players, the US government feared. It is increasingly pushing Chinese companies out of the technology sector.
Poor communist China and the rich, capitalist market economy of the USA developed an extraordinary economic relationship since the 1970s. Over the decades, China became the workbench of the United States. The unspoken basis was: you try to get along with each other and are convinced that the result justifies the effort and benefits both sides. It worked sometimes better, sometimes worse, explains the American China expert Orville Schell from the Asia Institute. Until China’s current President Xi Jinping came to power. He has a completely different view of the Sino-US relationship.
“Not on the same wavelength”
“We wouldn’t get along. We wouldn’t find solutions together. And after all, we wouldn’t be on the same wavelength with the aim of moving closer together. Now there was the idea that our two countries were moving further apart. ”Since then the relationship between the governments has steadily deteriorated.