There is a Chinese proverb that translates as: “It is always better to endure short-term pain than to allow the disease to remain untreated.” This aphorism offers great wisdom in the U.S. trade war with China.
The trend of reshoring - or companies moving production back home -- is most prevalent in the capital machinery and electronics sectors in Japan and Taiwan, where companies are moving home to avoid higher U.S. tariffs on imports from China, a Nomura analysis of 56 companies found.
A new film by former White House Chief Strategist Steve Bannon is sounding the alarm over China's encroachment into the high-tech industry. Slated for release in September, Claws of the Red Dragon spotlights the relationship between telecommunications giant Huawei Technologies Co., Ltd. and the Chinese Communist Party (CCP) and People's Liberation Army (PLA).
A top IT government official on Wednesday said China poses the biggest cyber threat to the U.S. Speaking at a cybersecurity summit, Federal Chief Information Security Officer (CISO) Grant Schneider said China has the “capacity and the capability and the intent” to work against the U.S. in cyberspace more so than other countries.
Espionage and counterespionage have been essential tools of statecraft for centuries, of course, and U.S. and Chinese intelligence agencies have been battling one another for decades. But what these recent cases suggest is that the intelligence war is escalating--that China has increased both the scope and the sophistication of its efforts to steal secrets from the U.S.
Hours after China announced retaliatory tariffs on U.S. goods on Friday, President Donald Trump ordered U.S. companies to “start looking for an alternative to China, including bringing your companies HOME and making your products in the USA.” The stakes are high: U.S. companies invested a total of $256 billion in China between 1990 and 2017, compared with $140 billion Chinese companies have invested in the United States, according to estimates by the Rhodium Group research institute.
China comes in second, and the European Union lags further behind. This order could change in coming years as China appears to be making more rapid progress than either the United States or the European Union. Nonetheless, when controlling for the size of the labor force in the three regions, the current U.S. lead becomes even larger, while China drops to third place, behind the European Union. This report also offers a range of policy recommendations to help each nation or region improve its AI capabilities.
Despite China’s bold AI initiative, the United States still leads in absolute terms. China comes in second, and the European Union lags further behind. This order could change in coming years as China appears to be making more rapid progress than either the United States or the European Union. Nonetheless, when controlling for the size of the labor force in the three regions, the current U.S. lead becomes even larger, while China drops to third place, behind the European Union.
A common mistake in Washington is thinking about U.S.-China competition through a Cold War mentality that views Beijing as an adversary that we can contain and isolate like the Soviet Union. The United States and China are economically intertwined in a way that America and the Soviet Union never were and that America and Russia are not today. Regardless of presidential tweets saying that "we don't need China" andthatU.S. companies should find alternative markets, decoupling from China in the global economy is simply unrealistic and would be in neither country’s interest.
Huawei is facing a “life or death crisis” amid continued pressure from the U.S. government, its founder and CEO told employees, as he laid out a strategy for the Chinese telecommunications giant going forward. In a memo to employees of Huawei’s networking division seen by CNBC, Ren Zhengfei described the company’s current situation as a “battle.”