Chinese hackers singled out over two dozen universities in the US and around the world in an apparent bid to gain access to maritime military research, according to a report by cybersecurity firm iDefense, which was obtained by The Wall Street Journal. The hackers sent universities spear phishing emails doctored to appear as if they came from partner universities, but they unleashed a malicious payload when opened. Universities are traditionally seen as easier targets than US military contractors, and they can still contain useful military research.
The U.S. is still out in front of global rivals when it comes to innovation, but American universities -- where new ideas often percolate -- have reason to look over their shoulder. That’s especially true for technologies like 5G phone networks and artificial intelligence. They’re exactly the fields where President Donald Trump recently insisted the U.S. has to lead -- and also the ones where Asia, especially China, has caught up.
Hayman Capital Management founder Kyle Bass thinks any trade deal with China must include enforcement mechanisms against intellectual property theft for the U.S. to truly benefit from it. “Over the last decade, they’ve stolen $2-to-$3 trillion in IP from us. The U.S.′ No. 1 asset, in my view, is our ingenuity, our intellectual property, our ability to innovate...
ITIF President Rob Atkinson testified before the Senate Small Business Committee on the issue of unfair Chinese trade and technology policies and practices and what the federal government should do in response. In his testimony, Rob discussed the importance of a new framework from Senator Rubio for how to think about the economic challenge from China, the nature of the economic challenge posed by “Made in China 2025” (MIC25), and components for more robust trade, innovation and competitiveness strategies, including to help small businesses.
China banned people from buying plane or train tickets 23 million times last year because their social credit scores were too low, according to the Associated Press, which obtained a copy of a government report. The government rolled out the travel ban on people with low social credit scores last May. According to a report from China’s National Public Credit Information Center from last week, people have been blocked 17.5 million times from purchasing airplane tickets, and 5.5 million times from buying high-speed train tickets.
While curbing the openness of the U.S. economy may serve the United States well when playing defense, it puts the country at a severe disadvantage when trying to supercharge its own technological innovation. Managing these competing interests will require the Trump administration to wield a scalpel, not a sledgehammer: a nuanced, multifaceted policy that safeguards the three primary pillars of the innovation ecosystem--investment, people, and goods--while emplacing sensible restrictions to protect U.S. national security when necessary.
NASA has some good news, the world is a greener place today than it was 20 years ago. What prompted the change? Well, it appears China and India can take the majority of the credit. In contrast to the perception of China and India's willingness to overexploit land, water and resources for economic gain, the countries are responsible for the largest greening of the planet in the past two decades. The two most populous countries have implemented ambitious tree planting programs and scaled up their implementation and technology around agriculture.
The U.S. and China announced ambitious plans to fund high-speed rail projects backed by government stimulus packages during the financial crisis in 2008. Since then, the length of high-speed rail lines in China has expanded to 18,000 miles, accounting for more than two-thirds of the world's total. That’s five times more than what Japan has built since the 1960s.
The brewing technology battle between the U.S. and China isn’t just about 5G telecom equipment Chinese companies want to bring to the U.S. It’s already starting to bleed into other tech categories, as shown in a new letter posted Monday from 11 senators and top officials from the departments of Energy and Homeland Security that called for a ban of Huawei-made solar technology.
In the letter sent Monday to Energy Secretary Rick Perry and Homeland Security Secretary Kirstjen Nielsen, the 11 senators said a ban should be considered to protect U.S. utilities and the power grid. “We understand that Huawei, the world’s largest manufacturer of solar inverters, is attempting to access our domestic residential and commercial markets,” the letter states.