In recent years, the wave of artificial intelligence (AI) has swept the globe, with the rise of generative AI fueling a massive surge in demand for computing power. Behind the glamorous models and products anchoring this tech revolution lies the essential infrastructure supporting it: data centers scattered worldwide.
In an interview with BBC Chinese, Prof. Heiwai Tang, Associate Dean of HKU Business School and Director of the Asia Global Institute explained that today’s global economic environment is fundamentally different from the 1980s. China’s position in global supply chains, its capital controls, and its economic structure mean it cannot be treated as “another Japan” under a copy and paste Plaza Accord.