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Economy

China's 5G a bigger threat than trade war, says ex-Dallas Fed chief

Former CEO Fisher claims US fears Chinese tech hegemony

Richard Fisher: "The real concern of the U.S. is the cyberspace issue."

TOKYO -- As the U.S. and China trade punches in their escalating trade war, the more important worry between the two countries is who will dominate cyberspace, particularly in fifth-generation, 5G, mobile networks and related technologies, according to Richard Fisher, former president and CEO of the Federal Reserve Bank of Dallas.

"I don't believe ultimately the issue has to do with trade and physical goods," said Fisher in an interview with the Nikkei Asian Review. "The real concern of the U.S. is the cyberspace issue: That is, who leads and wins the race for fifth-generation mobile networks, internet speed and latency?"

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