Wall Street Journal (September 7, 2023) – Meta. PayPal. X. All of these tech companies have made attempts at a “super app” in the U.S., following the success of WeChat in China, but have yet to get one off the ground. Tech leaders have struggled to combine elements like social media, messaging, payment and more into one place.
Video timeline: 0:00 App efficiency 0:37 The appeal 2:18 U.S. issues 4:03 Regulation 4:48 What’s next?
So what’s holding the U.S. back from having a super app available? WSJ explains why, despite challenges, companies still see it as their holy grail product.
The Economist Magazine (August 12, 2023 issue): Why Biden’s China strategy is not working; Saudi Arabia upends sport; The attack on universal values; Twitternomics lives on; How green is your EV and more…
Supply chains are becoming more tangled and opaque
On august 9th President Joe Biden unveiled his latest weapon in America’s economic war with China. New rules will police investments made abroad by the private sector, and those into the most sensitive technologies in China will be banned. The use of such curbs by the world’s strongest champion of capitalism is the latest sign of the profound shift in America’s economic policy as it contends with the rise of an increasingly assertive and threatening rival.
The countries’ economic ties are more profound than they appear
image: alberto miranda
When it comes to tracing the geography of global supply chains, few companies provide a better map than Foxconn, the world’s largest contract manufacturer. This year the Taiwanese giant has built or expanded factories in India, Mexico, Thailand and Vietnam. The Chinese production sites once loved by Western companies are firmly out of fashion. Souring relations between the governments in Washington and Beijing have made businesses increasingly fretful about geopolitical risks. As a consequence, in the first half of the year, America traded more with Mexico and Canada than it did with China for the first time in almost two decades. The map of global trade is being redrawn.
Detectives Art Walkley, left, and Karoline Keith and Sgt. Jeff Covello, crime-scene investigators for the Connecticut State Police.Credit…Elinor Carucci for The New York Times
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