Trade tensions have taken another negative turn, with the U.S. demanding that China come up with a specific plan to stop allegedly stealing technology. Until Beijing does so, the U.S. will not resume trade negotiations, according to a report Thursday in The Wall Street Journal.
With China very much in mind, Congress has passed the Foreign Investment Risk Review Modernization Act, or FIRRMA, mandating the Committee on Foreign Investment in the U.S. (CFIUS) to review and, if necessary, block both foreign attempts to acquire real estate in sensitive areas and joint ventures that could involve the transfer of American technology to foreign companies.
China’s lunar probes may one day threaten critical U.S. satellites, said one of the military’s top experts on space threats. “We’ve seen [reports] in open press…that say the Chinese have a relay satellite flying around…the flipside of the moon. That’s very telling to us,” Jeff Gossel, the senior intelligence engineer in the Space and Missile Analysis Group at the Air Force’s National Air and Space Intelligence Center, said at an Air Force Association event on Friday.
An American rivalry with China could stoke a new space race in the years ahead, prominent members of the space community said at a session marking the 50th anniversary of NASA’s Apollo missions. But it may not play out the way the U.S.-Soviet space race did, said Scott Pace, executive secretary for the White House’s National Space Council. Billionaire-backed space efforts such as Elon Musk’s SpaceX and Amazon founder Jeff Bezos’ Blue Origin could play a leading role, he said.
U.S. tariffs on around $200 billion in Chinese imports are set to jump to 25% on Jan. 1, up from the 10% implemented last month. That works out to around $30 billion in new taxes to be paid by U.S. importers, many of whom will pass at least some of the costs on to U.S. consumers.
A Chinese company that until January went by the name Jiangsu Zhongtai Bridge Steel Structure Company plans to purchase a nonprofit American music college. What could go wrong? Plenty, argue faculty members, donors and alumni who oppose Rider University’s plans to sell the Westminster Choir College in Princeton, N.J., to the company now known as Beijing Kaiwen Education Technology Company.
Russian hacker forums cater to business transactions while Chinese hacktivism is rooted in allegiance to country, according to a new report from Recorded Future, a threat intelligence firm. China’s first hacker groups popped up in the late 1990s, triggered by anti-Chinese riots in Indonesia, the report said. Originally nationalistic discussion boards, they eventually evolved into the initial wave of Chinese hacking groups: the Green Army, China Eagle Union, and Hongke (or Honker) Union, Recorded Future added.
Leaders of the U.S. intelligence community focused on security threats posed by China, with little attention paid to Russia, during an annual oversight hearing by the Senate Homeland Security and Governmental Affairs Committee on Wednesday.
Huawei unveiled two new artificial intelligence chips aimed at data centers and smart devices, pitting it against major silicon players including Qualcomm and Nvidia, as the Chinese giant laid out a strategy it hopes will drive growth in the next few years. The new chipsets are called the Ascend 910 and Ascend 310 and were revealed Wednesday at the Huawei Connect conference in Shanghai, China.