In December 2016, CHX filed a proposed rule change, pursuant to the Securities Exchange Act of 1934, that would allow a group, led by Chongqing Casin Enterprise Group, to acquire the exchange. The SEC on Thursday blocked the $25 million takeover due to concerns about the ability of the Chicago exchange “to ensure ongoing compliance” with ownership and voting limitations. Moreover, the Commission questioned whether “the proposed ownership structure” would allow it “to exercise sufficient oversight” of the exchange.
Republican Senator Richard Burr, chairman of the Senate Intelligence Committee, said he worried about the spread in the United States of what he called "counterintelligence and information security risks that come prepackaged with the goods and services of certain overseas vendors."
The Chinese New Year began with the traditional lighting of firecrackers on Friday, but the country's military has been working on incendiaries on an entirely different scale. Over the past year, the nation that invented gunpowder has been rolling out an array of high-tech weapons that some experts say could threaten the global superiority of the United States.
Amid heightened concern about Russian election meddling, the FBI on Tuesday warned U.S. universities about Chinese intelligence operatives active on their campuses, adding that many academics display “a level of naiveté” about the level of infiltration.
China's military has suggested the country increase its intellectual property control of military and technological innovations. In an article in China National Defence News, reported by South China Morning Post, the military said China needed to create intellectual property barriers to its equipment, including supercomputers, drones, dredgers, and rocket launch simulation technology.
Imagine a society in which you are rated by the government on your trustworthiness. Your “citizen score” follows you wherever you go. A high score allows you access to faster internet service or a fast-tracked visa to Europe. If you make political posts online without a permit, or question or contradict the government’s official narrative on current events, however, your score decreases.
The successful launch of the SpaceX Falcon Heavy has drawn attention in China as netizens compared the aerospace industry in China and the US, with experts saying China is working hard to catch up with the US.
Sens. Tom Cotton (R-Ark.) and Marco Rubio (R-Fla.) introduced legislation on Wednesday to prevent the U.S. government from using products from certain Chinese telecommunications firms. The impetus for Cotton and Rubio’s legislation is concern over the Chinese government using hypothetical backdoors in ZTE and Huawei phones to spy on U.S. government officials.
Chinese and American tech giants are preparing for a showdown that may shape the future of artificial intelligence. China’s cloud providers, Alibaba, Tencent, and Baidu, are getting ready to do battle with US giants Amazon, Google, and Microsoft to deliver AI online. As Chinese companies seek to expand their reach, they may increasingly aim their cloud services at US companies and developers, and vice versa.