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Next China: How Beijing Plans to Win the Tech War

Semiconductor Production at Globalfoundries Europe Plant
Photographer: Liesa Johannssen-Koppitz/Bloomberg

It's been clear for some time that the U.S.-China rivalry will be in large part a contest over technology. What’s become more apparent recently is how each side thinks it can win.

The U.S. approach seems to be coalescing around a two-prong strategy that both denies China access to advanced technology and increases investment to bolster American capabilities.