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The surprising similarities between China and the US
But there’s also a more complicated side to that ambition. In China, entrepreneurs are caught between opportunity and uncertainty, never sure when the Communist Party and Xi Jinping’s “smothering love” might smash one of their businesses or punish their success. In the US, tech leaders have more freedom to pursue their goals but still need to cozy up to power in their own ways, courting the Trump administration for favorable policies and legislation. Ultimately, two very different systems have led to strikingly similar ambitions (and anxieties) when it comes to innovation and the race to build the future.
“There is a sense in which these are two great powers,” Wang says, “And that the US and China are the countries that are going to be changing the world.”GZERO World with Ian Bremmer, the award-winning weekly global affairs series, airs nationwide on US public television stations (check local listings).
New digital episodes of GZERO World are released every Monday on YouTube. Don't miss an episode: subscribe to GZERO's YouTube channel and turn on notifications (🔔). GZERO World with Ian Bremmer airs on US public television weekly - check local listings.
Is the US falling behind China?
Over the last two decades, China has transformed into an engineering state. Its ability to build almost anything—bridges, high-speed rail, entire cities from nothing—has led to record growth, but also domestic challenges and soaring debt. On GZERO World, Ian Bremmer sits down with Dan Wang, tech analyst and author of the new book “Breakneck: China’s Quest to Engineer the Future,” to talk about China’s rapid growth, the US-China relationship, and who is winning the race for technological and economic supremacy.
For better or worse, Wang says that China has leaned into a belief that almost anything can be engineered. They’ve invested massively in infrastructure, which has improved life for Chinese citizens in many ways, but the country is also dealing with a stagnating economy and record youth unemployment. China’s “engineering” mentality has led to a stubborn belief that society itself can be built from the top down, Wang says, often to draconian results like the harsh ‘zero Covid’ rules or state crackdowns on the tech sector. Can the US learn from China’s rise and avoid its mistakes?
“China's a country I describe as the ‘engineering state’ because they build a lot,” Wang explains, “They also treat society as a big engineering project, where people are yet another building material that the leadership just want to tweak and destroy if necessary.”
GZERO World with Ian Bremmer, the award-winning weekly global affairs series, airs nationwide on US public television stations (check local listings).
New digital episodes of GZERO World are released every Monday on YouTube.Don't miss an episode: subscribe to GZERO's YouTube channel and turn on notifications (🔔). GZERO World with Ian Bremmer airs on US public television weekly - check local listings.
China has become an "engineering state," with Dan Wang
What can the US learn from the benefits–and perils–of China’s quest to engineer the future? Tech analyst and author Dan Wang joins Ian Bremmer on the GZERO World Podcast to discuss his new book "Breakneck," China’s infrastructure boom, and the future of the US-China relationship. Over the last two decades, China has transformed into what Wang calls an “engineering state,” marshaling near unlimited resources to build almost anything–roads, bridges, entire cities overnight. That investment has created astounding growth, but also domestic challenges and soaring debt.
It’s also led to a stubborn belief within the Chinese government that society itself can be engineered from the top down, where the state treats its people like a building material that can be tweaked or destroyed if necessary. Wang and Bremmer dig into all things US-China—the future of the relationship, the surprising similarities between the two countries, and whether Washington can learn from Beijing’s example without repeating its mistakes.
“The Chinese are able to build a lot of things that meet the material needs of the people, namely homes, solar, wind, nuclear, coal plants, roads, bridges, high-speed rail,” Wang says, “And that is something that I want Americans to have as well.”
Subscribe to the GZERO World Podcast on Apple Podcasts, Spotify, Stitcher, or your preferred podcast platform, to receive new episodes as soon as they're published
Prince Andrew – now Andrew Mountbatten Windsor – leaves Buckingham Palace on the day of King Charles' coronation ceremony, in London, United Kingdom, on May 6, 2023.
What We’re Watching: King’s brother loses royal title, Japan-China tensions surround leaders’ summit, Deadly Rio raid becomes national political issue
Epstein scandal takes down the king’s brother
Prince Andrew is now just Andrew Mountbatten Windsor, after Buckingham Palace stripped King Charles III’s younger brother of his royal titles on Thursday night. The move was caused by Andrew’s relationship with child sex offender Jeffrey Epstein and the ex-prince’s alleged relations with the late Virginia Giuffre when she was a teenager. He will also have to leave his royal home in Windsor. Andrew’s public demise began in 2019, when he had a disastrous interview with the BBC – the interview even became a subject of a film. Despite losing his title, Andrew remains eighth in line to the throne. The Epstein scandal has forced major exits in the UK, but not in the US – could that change?
Cordial Xi-Takaichi meeting masks simmering Japan-China tensions
Is Japan’s new Prime Minister Sanae Takaichi the Viktor Orban of the Pacific? While Takaichi said she “spoke frankly” to Chinese President Xi Jinping on Friday about Beijing’s rare-earth export curbs, aggression in the East China Sea, and human-rights abuses in Xinjiang and Hong Kong, the two leaders also agreed to pursue “constructive and stable ties.” Like her ultra-conservative Hungarian counterpart, Takaichi appears to be building a close relationship with US President Donald Trump while engaging with Beijing – no small feat as tensions heat up in the Indo-Pacific.
Deadly Rio raid becomes national political issue in Brazil
Many of the bodies are still being identified, but the staggering death toll of this week’s raid by police on drug traffickers in a Rio de Janeiro favela has already become hotly politicized. The move against the powerful Comanda Vermelha gang was the deadliest in Brazil’s history: 160 people are dead, including four police officers. Politicians on the right praised the operation, while those on the left – including President Luiz Inácio Lula da Silva – have denounced traffickers but questioned the effectiveness of violent crackdowns. The issue will surely shape next year’s presidential election, with crime a top concern for voters. Lula recently announced that he will seek a fourth and final term.
What the Trump-Xi meeting means for US-China relations
In this Quick Take, Ian Bremmer weighs in on the Trump-Xi meeting in South Korea calling it “a truce, not a breakthrough.”
He explains, “It stabilizes the relationship… it brings us closer back to where we were before.” Key agreements include a one-year suspension of recent Chinese restrictions on rare earths, lowered tariffs, and renewed US soybean purchases.
But Ian notes that “there is still very much a movement longer term towards decoupling,” especially around tech.
US President Donald Trump and Chinese President Xi Jinping talk as they leave after a bilateral meeting at Gimhae International Airport, on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit, in Busan, South Korea, on October 30, 2025.
The gaps in the Trump-Xi trade truce
After months of escalating tensions, US President Donald Trump and Chinese President Xi Jinping reached a trade truce at their meeting in South Korea on Thursday.
What was agreed? The two sides each delayed imposing further tariffs, with Trump reducing the overall US tariff rate on China to 45%. China agreed to drop its rare earth export ban, while the US may allow China to purchase advanced semiconductors again. That’s not all: the two countries suspended port fees, China pledged to started buying American soybeans again, good news for American soy farmers who have lost market share to Brazil.
What didn’t the meeting resolve? There was no update on terms for the sale of TikTok to American buyers, and the two sides also didn’t discuss Chinese access to the most powerful US-made microchips. More broadly, Trump and Xi didn’t appear to come to any resolution on Washington’s longer-term issues, such as the US trade deficit with China, concerns about Chinese theft of US intellectual property, or the defense of Taiwan – which the US still supports against Beijing’s claims of sovereignty.
Nuclear tensions start to simmer. The US commander-in-chief announced on Thursday that he had ordered the Pentagon to start testing nuclear weapons “on an equal basis” with Russia and China. The US hasn’t tested a nuke since 1992, and is party to a 1996 treaty with Moscow and Beijing that bars such actions. Testing is unlikely to start soon, in part because of safety concerns but also because most National Nuclear Security Administration are furloughed right now due to the government shutdown.
What about Ukraine? Trump said that Ukraine “came up very strongly” during the meeting with Xi, but did not elaborate, and gave no indication that the two men had discussed the impact of recent US sanctions on Russia’s two largest oil producers. Chinese refineries – the largest buyers of Russian crude – have reportedly begun to explore alternative sources (read more here).
Scoring the showdown: who won?? “Nobody has the upper hand,” said Eurasia Group’s Practice Head for China David Meale. “What both sides have instead is an understanding that each is capable of triggering the other’s intolerable pain points – and therefore a path must be struck between them.”
But, Meale added, “China must feel more satisfied than the US about where it is compared to the beginning of 2025,” in part because Beijing has stood up to Trump’s “Liberation Day” tariffs and identified a “potent leverage tool through rare earths export controls.”
Overall assessment of the meeting? Trump couldn’t have been more pleased, saying, “On a scale of 1 to 10, the meeting with Xi was 12.”
Meale was a little more equivocal.
“I would put it at a seven out of 10.”
Trump-Xi meeting in South Korea
The talks come after weeks of trade escalation The US expanded export controls, which Beijing saw as a major provocation, and China responded with new rules on licensing agreements for critical minerals, a situation Ian describes as “a bit of miscommunication.”
Ian explains that the confusion was fueled by the fact that “you don’t have trusted regular engagement like you did at the end of the Biden administration,” making it easier for actions and tweets to be misinterpreted.
Still, Ian emphasizes that both sides “want to get to yes.” With the US still developing domestic rare earth production and China facing slowing growth, neither economy can afford further shocks.
US President Donald Trump shakes hands with Vietnam's Prime Minister Pham Minh Chinh as East Timor's Prime Minister Kay Rala Xanana Gusmao and Singapore's Prime Minister Lawrence Wong look on at the ASEAN Summit in Kuala Lumpur, Malaysia, on October 26, 2025.
Trump’s Asian trade blitz sets up sitdown with Xi
US President Donald Trump kicked off his five-day trip to Asia by signing a raft of trade deals on Sunday with Malaysia, Cambodia, Thailand and Vietnam at the Association of Southeast Asian Nations (ASEAN) summit in Kuala Lumpur. Next, Trump heads to Japan to meet newly-elected Prime Minister Sanae Takaichi Tuesday morning, before sitting down with Chinese President Xi Jinping in South Korea on Thursday. What should we make of Trump’s trip so far, and what can we expect in the week to come?
Deals! Deals! Deals! In Kuala Lumpur, Trump reached agreements that promise to eliminate tariffs on roughly 99% of goods with Thailand, reduce Washington’s $123-billion trade deficit with Vietnam, and secure Malaysia’s agreement not to restrict rare-earth exports to the US. Simultaneously, delegates from the US and China met on the sidelines, producing a preliminary framework for a deal that could pause new American tariffs and Chinese export controls, in preparation for Trump’s meeting with Xi on Thursday.
Tuesday with Takaichi. Next, Trump meets Takaichi, who took office last week. The new Japanese PM is known as a China hawk and has promised to ramp up defense spending to 2% of GDP two years ahead of schedule, which should please Trump. But she also must follow through on her predecessor’s pledge to funnel $550 billion worth of investment into the US by 2030. Japan is reportedly prepared to offer sweeteners to Trump in the form of increased purchases of US soybeans and trucks. The two countries are also set to sign an agreement to cooperate on advanced technologies including AI, quantum computing, and nuclear fusion.
The main event: Trump and Xi. The leaders of the world’s two largest economies will seek to ease a deepening trade war without ceding ground on critical priorities.
According to David Meale, Eurasia Group’s Practice Head for China, the two sides are looking to find a path between each other’s pain points. “In particular, critical minerals need to flow from China to keep advanced industries in the US and elsewhere operating, and certain technologies (especially advanced chips) need to be available to China for its development of emerging technology sectors that are central to its economic blueprint going forward.”
While full details of the Oct. 26 framework are not yet available, both sides aim to make progress on key issues. Trump wants better cooperation from Beijing on stopping the export of fentanyl precursors, as well as further commitments from China to buy US goods, especially agricultural products. Xi, meanwhile, wants to head off Trump’s threats to raise tariffs further and impose fresh export controls on US software exports. And both sides seek a “a final deal” on the sale of TikTok’s operations in the US.
Potential pitfalls. Trump has said he will raise the contentious questions of Taiwanese independence — which the US has implicitly supported despite longstanding Chinese objections — and possibly the detention of Hong Kong media mogul and activist Jimmy Lai. Florida Senator Rick Scott published an open letter urging Trump to press Xi for Lai’s release, and a group of Catholic bishops also has urged his freedom. Lai, who converted to Catholicism in 1997, has become a symbol of Hong Kong’s resistance.
Nonetheless, Meale expects that the meeting will strike a positive tone, due to the respect shown by the two leaders to each other. “Chinese officials believe President Trump is someone with which they can chart a course forward,” he says, “because he is pragmatic and demonstrates respect to President Xi.”
Postscript in Pyongyang? Trump mused this morning about the possibility of extending his trip to meet with North Korean leader Kim Jong Un. “I’d love to meet with him, if he’d like to meet,” said Trump. “It’s our last stop, so it’s pretty easy to do.”