This week's plunge in Apple's shares was another sign of the impact of the relations between the US and China. It does look like President Trump's tariffs are taking a toll and that the tensions maybe lasting. So this why Kai-Fu Lee's book, AI Superpowers: China, Silicon Valley, and the New World Order, is so timely. He provides a detailed look at how China is poised to win one of the most important markets. Keep in mind that – according to a research report by PWC – AI is forecasted to add $15.7 trillion to global GDP by 2030. The main reason is that this technology is general purpose, having applications that span industries like healthcare, transportation, financial services, energy and so on.