The globalization of the world economy is entering a transformative period of evolution from the traditional mode of the knowledge economy to the age of artificial intelligence (AI) and other digital-based technologies. Accompanying this comes a fundamental shift in what it means to be a leader in the marketplace and in the technology sector in particular.
In this invisible battlefield, China has long been active, with a greater edge than many observers appreciate. As one of the world’s largest investors and adopters of digital technologies and home to one-third of the world’s so-called unicorn companies, it persists in expanding the scale of innovation and entrepreneurship to aggressively consolidate this global position, according to a discussion paper by the McKinsey Global Institute.
