Keyu Jin

There's an interesting dilemma here, which is that this is happening in a time of extreme economic softness, slowdown, and missed uncertainty, trade wars, a lack of confidence, slowdown in private investment and consumption, a withdrawal of foreign investment from China, especially the U.S.

venture funding.

Imagine what China would have been like, let's say, if the economy was doing better, right?

But you could also argue that it's because people feel threatened that they make more leaves.

Now, I wish the world is not, we don't have to drive each other to the corners to do something great, but that is the reality.

And I don't think that there's an easy say between who wins, because I think the winning idea is part of the old playbook, right?

You're all kind of part of a network.

Different countries, different players have different choke points on each other.

I don't think it's just about the U.S.

and China.

And what's more, you use your leverage once, and that leverage has a half-life.

it becomes a lot less effective the second time around because other countries, other companies are going to try to substitute it away.

You know, if China uses the rare earth leverage, which I think it is now a little bit, there will be alternatives and substitutes.

Got to be very, very careful of what coercion leverage means.

Same thing with the U.S., right?

So I think this is all the old thinking of who wins, who dominates.

I think we need a new playbook.

I hope it was unintentional.

Otherwise, you'd be questioning the level of intelligence of the U.S.

administration, right?