< Key Hightlight >

Since U.S. President Joe Biden took office, the U.S. government has prioritized pandemic prevention, economic recovery, social justice, and environmental issues in its policy. To stimulate economic recovery, Biden signed a flurry of executive orders to boost U.S. manufacturing and strengthen local supply chains. The Biden administration is expected to bring new changes to U.S.-China relations while the latest development of competition and cooperation between the U.S. and China is likely to have a huge impact on the IT industry’ future development. This report looks into the Chinese government’s response to the Biden administration and analyzes the development of the competition and cooperation between the U.S. and China as well as its impact on the IT industry.