Good morning. If technology transformation and the energy transition are the two driving forces in business today, then the superpower competition between the U.S. and China could be deemed a draw. The U.S. has clearly taken the lead in the development of AI, but China dominates when it comes to producing the equipment needed for energy transformation. That point was driven home in Macau this week, where I had the chance to interview two of the leading designers of electric vehicles in China: Frank Wu of Ji Yue, a joint venture between Geely and Baidu, and Zhang Fan of GAC,...