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Paddy Cosgrave, co-founder and CEO of Web Summit, has warned that the U.S. is losing its economic dominance, as it remains heavily dependent on Chinese supply chains for its shrinking manufacturing base. He praised China's long-term strategy, noting that seven of the world's top 10 research universities are now Chinese – a stark shift from previous years. Cosgrave suggested that the era of a unipolar world has ended, with China's strategic patience reshaping the global order.