China is on the cutting-edge of information technology, providing consumer electronics and telecommunications equipment to much of the world. Its own digital infrastructure is due for a modest upgrade that will be rolled out by 2023.

In a field where competition for science and technology, rule-making and dominance are natural, China and the United States have both conflicting a complementary interest. There is a lot of room for cooperation.

Correctly understanding each other’s policies will avoid sinking into an infinite negative loop. Speculation about China-U.S. financial decoupling has returned. But politicization of financial matters will only do further damage to the already deteriorating bilateral relationship.