In a modern-day Mexican standoff, the U.S. and China are confronting each other over trade practices. The United States believes China has been luring away jobs and stealing American technology. But what if the issue isn’t that China is stealing innovations, but that it is out-innovating us? George Yip, a professor of marketing and strategy at Imperial College Business School in London thinks that the Chinese are no longer mere imitators but have become serious innovators in their own right.

Ian Bremmer, president of Eurasia Group and GZERO Media, believes that the U.S. government has some valid complaints, but that China is nonetheless becoming increasingly competitive in the innovation game.

Yip and Bremmer discuss China’s increasing dominance on the global stage, and consider what’s at stake for the U.S.