China's stronghold as the leading BRICS economy could be up for contention by the end of the next decade, according to a new report which suggests that India is set to see a surge in innovation. India's innovation growth rate is expected to rise significantly over the next 15 years, placing it ahead of Russia and close to surpassing China, the study from China's Science Technology Exchange Center said Wednesday.
China said it will encourage more consumption of information technology-related products and services to help promote innovation and support economic growth.
China sees the use of Section 301 as an act of aggression because it allows the American president to act against the Chinese economy without consulting the World Trade Organization (WTO). China has been a member of the organization since 2001. The use of Section 301 fell out of fashion around that time because US leaders didn't see the point of using it anymore as the WTO's framework had more legitimacy. Even allies were complaining about its use.
Following President Donald Trump's recent executive order regarding China’s handling of technology and intellectual property, the U.S. Chamber of Commerce issued a response imploring the two nations to come to mutually agreeable terms.
The Trump administration formally launched an investigation into Chinese intellectual property theft on Friday in a signal that the departure of Steve Bannon, one of its most prominent economic nationalists, is unlikely to alter its tougher trade line against Beijing.
China has sent an "unbreakable" code from a satellite to the Earth, marking the first time space-to-ground quantum key distribution technology has been realized, state media said on Thursday. China launched the world's first quantum satellite last August, to help establish "hack proof" communications, a development the Pentagon has called a "notable advance".
China criticized President Donald Trump’s order for a possible U.S. trade investigation of Beijing’s technology policies as a violation of global rules and said Tuesday it will “resolutely safeguard” Chinese interests.
Today (8/14) at the White House, President Donald J. Trump signed a Presidential Memorandum asking the United States Trade Representative (USTR) to investigate China’s laws, policies, practices, and actions. The President was joined by Secretary Wilbur Ross, Ambassador Robert Lighthizer, Secretary Steven Mnuchin, Lt. Gen. H.R. McMaster, Director of the National Economic Council Gary Cohn, and Director of the White House National Trade Council Peter Navarro.
President Donald Trump on Monday will order his top trade adviser to determine whether to investigate Chinese trade practices that force U.S. firms operating in China to turn over intellectual property, senior administration officials said on Saturday.
As the Chinese government develops drones, the American technology giant Qualcomm is helping. The same goes for artificial intelligence, mobile technology and supercomputers. Qualcomm is also working to help Chinese companies like Huawei break into overseas markets in support of China’s “go global” campaign to develop big multinational brands.