[I]t is highly unlikely that AstraZeneca is the only pharmaceutical company guilty of shenanigans. Selective prosecution of foreigners is a Communist Party specialty.

Xi Jinping… hits foreign companies whenever he can. He took down the U.S.-based Mintz Group in March of last year and has not let up since.

[F]oreign pharmaceutical businesses are at special risk because they occupy a sector that Xi Jinping is determined to control. He is, infamously, the driving force behind Made in China 2025, the predatory ten-year plan to achieve dominance in ten key technology areas. One of those ten sectors is medicine and medical devices.

He [Xi Jinping] does not really believe in free trade, however: He really wants China to have unfettered access to other markets while denying others access to China’s. […]

— Read More: www.gatestoneinstitute.org

Consider: The exponential growth of AI is now powering the next generation of innovations that range from spacecraft to speech, and it is creating an enormous demand for energy to run the servers that drive this technology. Fortune believes that AI electricity requirements could consume as much as a quarter of all electrical power in the United States within six years. That is a mind-boggling amount of electricity, and it comes at the expense of every other industrial sector as well as our residential requirements. There is just so much electrical power generated in the United States to go around.

The opposite side of that coin is if American AI innovators cannot access the needed power to operate their data centers, we will have no choice but to cede our nation’s AI leadership to those countries fully prepared to do what they must to dominate this field.

Like China.

To be clear, the competition to take the lead in AI will make the Cold War space race competition look like a JV touch football game. […]

— Read More: www.gatestoneinstitute.org