In China there is a saying, “Picking flowers in the US to make honey in China.” The US DoD tech protection task force has another saying, “China is stealing our stuff!” “China and the others are stealing our stuff, and it is causing the erosion of the lethality of the joint force,” said Air Force Maj. Gen. Thomas E. Murphy, who is the director of the Protecting Critical Technology Task Force of the Department of Defense (DoD).
With China’s technological advancement proceeding at a concerning rate for America, a panel at the Center for Strategic and International Studies Tuesday discussed the ways in which the U.S. can improve its technology transfer policies.
Intellectual property rules, which were cited in the US Section 301 investigation that launched the trade dispute, have emerged as a key point of contention between the two sides. President Donald Trump has said the partial agreement included unspecified commitments that would help protect American companies.
Since World War II, the United States has set world technological standards in computing, biotechnology, aircraft design, networking and software, Brown said. "Imagine what the world would look like if China were setting standards in game-changing technologies like hypersonics, quantum sciences, autonomy, artificial intelligence, 5G, genetic engineering and space, "he said, noting that except for hypersonics, they’re all also important for economic prosperity, not just military overmatch.
Examining the effects that Chinese anticorruption campaigns had on government R&D subsidies, the study estimated that the Chinese governments (national, provincial, and local) paid for a whopping 22.2 percent of business R&D in 2015, with 95 percent of Chinese firms in 6 industries receiving government cash—petrochemicals, electronics, metals and materials, machinery and equipment, pharmaceuticals and biotechnology, and information technology.
Henry Paulson draws upon his expertise in dealing with China as treasury secretary under President George W. Bush, as chairman and chief executive officer of Goldman Sachs, and now as founder and chairman of the Paulson Institute. The Catalyst, a journal published by the Bush Institute, posed five questions to Paulson on the questions he considers most critical -- and which he hears most often from people -- about a relationship that is central to the world economy.
China’s intellectual property office received a record number of 1.54 million patent applications in 2018, making it the biggest filer and accounting for 46.4 per cent of total patent filings globally as the country pushes ahead with a self-reliance drive in core technology.
The US and China struck a partial trade deal on Friday, reaching a truce in their months-long trade war that’s rattled global markets and put President Donald Trump under pressure at home. Trump announced Friday that the two sides agreed on a “substantial phase one” of a trade deal after meeting with Chinese negotiators at the White House.
CNBC’s Jim Cramer said Tuesday that the Trump administration’s move to blacklist some Chinese tech companies will hinder its chances in negotiating a trade deal later this week. “They’re torpedoing the talks,” Cramer said on “Squawk Box.” “Anybody that is hopeful, their hopes are dashed.”
The Department of Commerce added 28 new companies and agencies to its running “blacklist” of Chinese firms banned from doing business in the United States, with a notable focus on companies that specialize in artificial intelligence, machine learning and digital surveillance.