Dec 10, 2020 API Geoeconomic Briefing is a series provided by the Asia Pacific Initiative, an independent think tank based in Tokyo. The series will look into geopolitical and economic trends in the post-COVID-19 world, with a particular focus on technology and innovation, global supply chains, international rule-making and climate change. Outer space is the new front line of a technology race between superpowers, triggering increased geopolitical and geoeconomic risks. During the Cold War, the United States and the Soviet Union were the major players in the race. But the power balance has shifted in recent years with China launching rockets and gaining the capability to destroy the satellites of other countries.