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.
Trump said on Sunday that he’d delay additional tariffs on Chinese goods originally scheduled to begin on Mar 1. He cited “substantial progress” in trade talks between the US and China in several of his Twitter posts in a series of posts on Twitter.
Saturday marked the fifth straight day of the negotiations between the world’s two biggest economies. Talks were extended through the weekend after both sides reported progress in narrowing their differences. The Chinese delegation is scheduled to leave for Beijing on Monday, according to a person familiar with their itinerary. This is the fourth round of negotiations since Washington and Beijing agreed to a ceasefire in their trade war.
Will the US and China enter a long-term technological arms race? The Economist Intelligence Unit (The EIU) said it’s highly likely. “The likelihood that the US and China will make some progress in the ongoing trade talks has increased as a result of mounting domestic pressure in both economies,” said Cailin Birch, Global Economist at The EIU. “Nonetheless, we do not expect a meaningful agreement, as the US and China enter into a strategic competition for economic--and particularly technological--dominance."
A U.S. biotech company will no longer allow China to purchase equipment believed to have been used to help the ruling Communist Party create a DNA database of the country’s Uighur minority. China in recent years has been able to ramp up its controversial monitoring and detaining of the ethnic group mostly situation in the Xinjiang province with the "help of Americans", according to a New York Times report.