This episode, we talked with Jim McGregor, long-time China expert and Chairman, Greater China of APCO Worldwide, about the state of US-China commercial ties. Jim offers his take on why companies need to be "clear-eyed" about their longevity in the China market and China's ambitions to strengthen its own technological abilities. We also dig into what Jim says is motivating the regulatory crackdowns in China right now, and how investors should respond. He discusses how US-China discourse has changed in recent years and the ongoing "global competition of systems" between the two countries. Finally, we talk about the "people-to-people" decoupling spurred by the pandemic, and why it's a loss for the US-China relationship.