Nina Xiang is the founder of China Money Network, a media platform tracking China's venture and tech sectors. She is author of "Red AI: Victories and Warnings from China's Rise in Artificial Intelligence."
U.S. President Joe Biden may not have realized it, but when he defined the tiny computer chip he was holding two months ago as the "21st-century horseshoe nail," he was echoing the logic of China's latest policy buzz phrase, "new infrastructure."
