Alice Han and special guest Ed Elson break down how Chinese investors are increasingly being shut out of America’s hottest IPOs — even as China pours hundreds of billions into AI, robotics, and next-generation tech. They talk about the growing financial and technological divide between the U.S. and China, the Pentagon’s decision to label companies like Alibaba, BYD, and Baidu as “Chinese Military Companies” and whether Washington and Beijing are entering a new era of financial decoupling. They also look at the big Chinese companies that could be next to IPO, and who China’s Elon Musk might be. Plus: the growing worker backlash as AI transforms China’s labor market. 01:17 Vitals 01:37 How Chinese companies and investors are getting shut out of American markets 25:25 Where the first Chinese trillionaire could come from 46:50 The growing push for workers’ rights in an age of AI Subscribe to China Decode on Substack for weekly analysis, livestreams, and deep dives into the biggest story shaping the global economy: chinadecode.profgmedia.com