American Big Tech vs. China Big Tech: Common Challenges or Conflicting Concerns?
A discussion featuring Rana Foroohar, Global Business Columnist and Associate Editor, Financial Times, and Xiao Yuqiang, General Manager, Industrial and Commercial Bank of China, New York Branch.
Over the past decade, in both the United States and China, several super-size companies have come to dominate search, e-commerce, and e-communications. And now these companies are beginning to expand their reach into new markets and new sectors, including artificial intelligence and autonomous vehicles. Eventually, their expansion may bring them into greater direct competition and conflict with implications for future U.S.-Chinese economic relations. The Roundtable will explore the corporate models of these companies, how they compare, and what the implications are for the US and Chinese economies and the larger world economy.
About the World Economic Roundtable
The bursting of the American credit bubble in 2008 set in motion a rolling world economic crisis that has moved from America’s financial markets to the Euro-zone and now to China and the emerging economies. This chain of economic developments has brought with it unprecedented policy challenges and has drawn into question the process of globalization itself. The mission of the World Economic Roundtable is two-fold:
- to help the business, investment, media, policy and public interest communities better understand the far-reaching changes in the world economy that are resulting from the crisis and from the policy responses to it; and
- to advance policy reform ideas that will help lift the world economy out of stagnation and lay the foundations for the next generation of a more widely shared global prosperity.
Founded in 2011, the World Economic Roundtable has sought to “remap” the world economy by exploring the changing patterns of global trade, investment, and employment following the Great Recession. The Roundtable has brought together thought leaders from business, finance, public policy, and academia to discuss critical questions affecting the global economy. The Institute for New Economic Thinking became a partner of the World Economic Roundtable in 2016. Building on the work of its initial years, World Economic Roundtable will pursue in 2017 a program of discussion and engagement with the world’s business, policy and investment communities that will highlight the best thinking on the ongoing world economic crisis and how to move from stagnation to healthy economic growth.