US and China should aim for a digital peace agreement

The United States and China last November agreed on a three-month truce in their ongoing trade war. That was good news for all who aim for growth through trade. As the end of the truce nears, the best next step is for them to agree on a more structural update to the rules-based international order. If they succeed, both can thrive in the digital age.

For 250 years, trade and globalisation were mostly about shipping physical goods - and so was economic dominance. Sailing ships carrying spices across empires prefigured the manufacturing value chains we know today. But globalisation's future will be in the realms of knowledge, information and technology.

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A version of this article appeared in the print edition of The Straits Times on January 02, 2019, with the headline 'US and China should aim for a digital peace agreement'. Print Edition | Subscribe