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Significance

They are vital to each country’s economic growth and development, which focus increasingly on advanced technology. Geopolitical and technological tensions between China and other major states, along with security concerns, pose an emerging risk to key economic relationships worldwide.

Impacts

Both sides will seek to minimise the negative effects of geopolitics on less sensitive economic sectors.

Smaller economies are at risk from Japan-China trade and investment tensions, but they may create some opportunities too.

Leading-edge technology companies may benefit from the support of governments and increased competition.

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