{
  "id": 10640260,
  "title": "The U.S. should be ‘more confident’ and less worried about losing ground to China, says Peking University expert",
  "url": "https://urgent.news/2026/09/29/the-u-s-should-be-more-confident-and-less-worried-about-losing-ground",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-29T07:14:51.000Z",
  "source": {
    "name": "Fortune",
    "slug": "fortune",
    "url": "https://fortune.com/2026/09/29/us-china-rivalry-over-securitization-1930s/"
  },
  "original_language": "en",
  "account": "Leading Chinese strategist Yu Tiejun contends that U.S.-China tensions often involve \"over-securitization,\" suggesting that the present climate resembles the atmosphere prior to World War II. Speaking at the Asia New Vision Forum in Singapore on September 29, Yu stated that the U.S. should approach technological competition with \"confidence,\" emphasizing opportunities in innovation. Diplomatic relations between the two nations improved slightly after Xi's recent visit to Washington, where they agreed to extend their trade truce for two months. This shift marks a departure from the historically tense relationship between the two largest economies.\n\nYu attributes the current over-securitization of various matters to the rise of nationalism and populism among the global powers. Unlike previous decades, Washington possesses significant advantages, particularly in capital markets. U.S. tech firms invested over $400 billion in capital expenditures in 2025, compared to the $63 billion spent by Chinese counterparts. Notably, the valuations of prominent American technology firms like Anthropic and OpenAI vastly exceed those of Chinese counterparts such as DeepSeek and Moonshot AI.\n\nEchoing President Xi's vision for a multipolar world, Yu asserts that China aims to act as a stabilizing force. Liow, his fellow panelist, highlights potential areas for cooperation between the U.S. and China, such as AI governance and biotechnology. However, he stresses that political barriers remain the primary obstacle to such collaboration.\n\nFor smaller nations like those in Southeast Asia, strategic autonomy has become increasingly important, with a focus on managing dependencies on external powers. The region's economy is projected to grow steadily, with the ADB raising its growth forecasts for 2026 and 2027 to 4.7% and 4.9%, respectively. Despite regional disparities and difficulties in integration, ASEAN's integration efforts persist, with Singapore set to chair the bloc in 2027. Watanabe, director of the ASEAN+3 Macroeconomic Research Office, highlights the ASEAN+3 framework's growth model, which emphasizes openness and integration, suggesting it would be resilient to external shocks.",
  "summary": "As U.S.-China relations thaw, Peking University’s Yu Tiejun argues that Washington's fears of losing the tech race are misplaced.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}