Lingling Wei

tries to sanction or restrict, China's offensive response will be to use its own industrial might as direct leverage against the global supply chain.

Are we ready?

Hello, and welcome to the World's News Sunday podcast.

I'm Lingling Wei, your host today.

I'm the chief China correspondent for the Wall Street Journal.

Every week, I dive into the world's second largest economy and its complex relationship with the U.S.

in my newsletter, WSJ China.

And recently, I asked my readers, what are your biggest questions about the U.S.-China technology race?

The response has been enormous, and the questions cut right to the heart of what makes this one of the most defining stories of our time.

When we talk about China today, we're really telling a tale of two Chinas.

One story is about China's economic struggle.

The country's 40-year investment-driven boom is over.

It's grappling with a collapsed property market, soaring youth unemployment, and deepening deflation.

But the other story is about its technological progress.

In fields like AI, quantum computing, telecommunications and clean energy, China isn't just a competitor.

In some cases, it may be setting the pace.

To help answer some questions, I'm bringing in my colleague Peter Landers, Wall Street Journal's Asia Business Editor, based in Singapore.

This year, he's taken a few trips to China and has very recent first-hand knowledge of the technology landscape there.

Thanks for joining me, Peter.

You bet.