Phnom Penh (FN), Sep. 27 – Today’s global power balance is shaped by forces like economic strength, trade, and defense.

While the US leads in capital markets and reserve currency status, China dominates international trade, being the top partner for 120 countries.

Both nations are closely matched in innovation and technology, but differ in areas like reserve currency and competitiveness.

The US leads in AI, while China excels in semiconductors and advanced manufacturing. Despite a USD10 trillion GDP gap, China may overtake the US by 2035, though challenges like a weak property sector persist.

In defense, the US still spends more, but China’s modernization is closing the gap. China’s alliances with Russia, Iran, and North Korea further threaten US military dominance.

This article was originally published on Voronoiapp.
=FRESH NEWS