Event Report

The 3rd Tokyo Global Dialogue

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March 3

Intensifying US-China Competition (1): Values and Technologies

The discussion centered on the current status, challenges, and prospects of the strategic competition between the US and China, with particular focus on political and economic aspects such as values, governance models, supply chains for advanced technologies, and securing strategic resources.

The panelists shared the perception that the shrinking balance of power between the US and China has been one of the major factors surrounding strategic competition in recent years, and it was pointed out that the competition will inevitably become even more acute in the future. The importance of dominance in the areas of digital technology and data was also discussed. The point was made that the strategic competition between the US and China is primarily due to the changing balance of power and that exaggerating the value and ideological aspects unnecessarily intensifies the conflict. It was countered that the conflict also stems from differences in the political systems and ideologies of the two countries. The importance of dialogues between the US and China was also pointed out.

Regarding the impact of Russia's invasion of Ukraine on the strategic competition between the US and China, it was expected that the military invasion of a small democratic country by an authoritarian power would increase the international community's suspicion and concern toward authoritarian political regimes, strengthen the unity of democratic countries, and further divide the international community politically, while the importance of security aspect was also presented. The impact of economic sanctions against Russia on China as well as on China-Russia and Japan-China relations was discussed. Steps toward decoupling were also pointed out, based on the danger of democracies becoming overly dependent on authoritarian countries in the areas of technology and resources.

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