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"The future of finance - the way Wall Street operates and how individuals manage their money - is on the verge of upheaval. And the force underlying the change comes from China, where finance and technology are being merged into a system with consequences that resonate far beyond China's border. The changes of this global revolution in finance and technology - fintech - will be as powerful as those wrought in social media, retailing and advertising by giants such as Amazon, Facebook, Google, and Twitter, which have overturned how we shop and communicate."

Reviews the evolution of China's emergence as a digital power, particularly their government's role in this process, addressing the evolution of governance institutions and policy initiatives, the development of strategic emerging industries, how China engages with global digital governance, and how national priorities affect local governance.

In response to Russia's attack on Ukraine, the United States and 37 countries formed a coalition in February 2022 to implement a barrage of export controls outside of any formal arrangement. By contrast, US controls on China are often unilateral, such as its October 2022 measures on semiconductors that went ahead without explicit con­sent, let alone a commitment by its allies to join. But to deny China access to "dual-use" technology, unilateral export controls will not be effective. As European Com­mission President Ursula von der Leyen announced during her visit to the White House, the European Union (EU) wants to renew its export controls on dual-use prod­ucts and new technologies and to coordinate them more closely with US measures. That means that member states will need to develop a common position on the scope of their export controls - including the extent of their alignment with the United States - as well as ways forward with multilateral controls of dual-use goods, given the freeze of the Wassenaar Arrangement due to Russia's actions. (author's abstract)

Wie EU-Kommissionspräsidentin von der Leyen bei ihrem Besuch im Weißen Haus ankündigte, will die EU ihre Exportkontrollen für Dual-Use-Produkte und neue Technologien erneuern und enger mit US-Maßnahmen abstimmen. Da die EU-Staaten China zunehmend als sicherheitspolitische Bedrohung wahrnehmen, wäre die An­wendung von Exportkontrollen gegenüber Peking folgerichtig. Die von der Biden-Regierung im Oktober 2022 gegenüber China erlassenen Executive Orders für den Handel mit leistungsstarken Halbleiterchips, deren Produktionsmaschinen sowie mit hochleistungsfähigen Computern wirken sich bereits auf die EU aus. Um Rechts­sicher­heit für europäische Unternehmen zu schaffen, sollten die EU-Mitgliedstaaten schnell entscheiden, wie umfassend sie eigene Ausfuhrkontrollen modernisieren und ausweiten wollen. Dazu gehört auch eine Strategie, um gemeinsam mit anderen Staa­ten das multilaterale Wassenaar-Arrangement zumindest zeitweise zu ersetzen. (Autorenreferat)