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Helen Zhang

The next global crisis won’t be about oil or banks – but tech

Unlike during the Cold War, countries will not be able to remain neutral because China and the US will continue to push nations to choose which side of the tech stack they back.

The US trade war has dominated global media coverage, but what is often missing is a sense of the trade war’s longer-term impacts on the continuing US-China “tech cold war”, which is just heating up.

China and the US are competing for supremacy over technologies (such as artificial intelligence and semiconductors) that are critically important for their respective national security and societal developmental needs. In practice, this has manifested in various ways, particularly through trade restrictions and export controls.

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Helen Zhang is the co-founder of Intrigue Media, and was formerly an Australian diplomat as well as global public policy manager at Google.

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    Original URL: https://www.afr.com/policy/foreign-affairs/the-next-global-crisis-won-t-be-about-oil-or-banks-but-tech-20250421-p5lt3i