Fareed Zakaria: ‘China Has Used the Last Three Economic Shocks to Further Its Dominance’

ZAKARIA: “China has used the last three economic shocks to further its dominance during the pandemic. Chinese firms surged to supply much of the world with medical equipment as the artificial intelligence boom swelled, China became central to its physical build out. The metals, electrical equipment, batteries, cooling systems and industrial components needed for data centers. Now, the Iran war has produced a global scramble for new energy. Here again, China is the indispensable power. It dominates the green technologies solar, wind, batteries, electric vehicles that countries will need to reduce dependance on imported oil and gas.”

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Fareed Zakaria: ‘China Has Used the Last Three Economic Shocks to Further Its Dominance’‘Here again, China is the indispensable power’News & PoliticsRUSH EXCERPT:ZAKARIA: “China has used the last three economic shocks to further its dominance during the pandemic. Chinese firms surged to supply much of the world with medical equipment as the artificial intelligence boom swelled, China became central to its physical build out. The metals, electrical equipment, batteries, cooling systems and industrial components needed for data centers. Now, the Iran war has produced a global scramble for new energy. Here again, China is the indispensable power. It dominates the green technologies solar, wind, batteries, electric vehicles that countries will need to reduce dependance on imported oil and gas.”Video filesFullCompactSort byDateSummaryRelevancePopularityPer page81216Audio filesFullCompactSort byDateSummaryRelevancePopularityPer page81216Recipient e-mailMessage (optional)Preview

Source: Grabien Stories