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In this Fubon Center Fireside Chat, Markus Herrmann Chen of the China Macro Group talks to Professor Arun Sundararajan about China's Trump 2.0 strategy and what this means for technological competition, the semiconductor battle and the AI race. Herrmann Chen unpacks China's five-pronged US strategy, subsequently debating with Sundararajan whether China's innovation ecosystem becoming more tightly integrated will be superior to the more market-based US approach. They also discuss the latest DeepSeek news, the ASML export ban and how China is balancing its aspirations of global leadership with the challenges in its domestic economy. As the head of a think-tank focused on management issues shaped by China’s evolving political economy and geopolitical developments, Markus is also a strategic advisor to Caixin Global, Vice-President of the Swiss Chinese Chamber of Commerce, and holds degrees from the Universities of Geneva, Bern and Fribourg and Peking University. This conversation was held on January 27th, 2025. Markus Herrmann Chen Co-Founder, Managing Director China Macro Group https://www.chinamacro.ch/ Arun Sundararajan Director, Fubon Center for Technology, Business and Innovation Harold Price Professor of Entrepreneurship Professor of Technology, Operations and Statistics To learn more, please visit the Fubon Center's website: https://www.stern.nyu.edu/fubon.