The White House's trade adviser on Monday said the U.S.-China Phase 1 trade deal would likely be signed in the next week, but said confirmation would come from President Donald Trump or the U.S. Trade Representative. White House trade adviser Peter Navarro, in an interview on Fox News, cited a report that Chinese Vice Premier Liu He would visit this week to sign the deal, but did not confirm it.
Chinese biophysicist jailed for three years for experiment that led to live births of three genetically altered children. He Jiankui, previously an associate professor at the Southern University of Science and Technology (SUSTech), has been sentenced to three years in prison and fined Rmb 3 million (£327,000) for illegal human embryo gene-editing using CRISPR-Cas9 technology.
As we approach 2020, the heated technology conflict between the U.S. and China shows no signs of a thaw. U.S. President Trump’s campaign against leading Chinese technology firms--including but not only Huawei--may have grabbed the headlines, but there is also China banning most leading U.S. consumer content-based technologies, Russia architecting its sovereign internet, political pressure on western tech players over international research collaboration.
Three lunar missions, commercial spaceflight milestones, the first all-woman spacewalk -- 2019 was a busy year in space for public and private entities alike. NASA looked forward to new moon landings while celebrating the 50th anniversary of the Apollo 11 moon landing. SpaceX launched its first commercial crew spacecraft and lofted a miniature prototype of its massive Starship vehicle. Planetary missions began and ended, sometimes much sooner than planned.
"In a time where tech innovation is nearly synonymous with global economic status, China and South Korea's recent innovation boom has propelled both to the top of the global leaderboards," said Yuan-Sheng Yu, Senior Analyst at Lux Research and lead author of the "State of Innovation in Asia" report. "While the infatuation with Silicon Valley is still prevalent in innovation circles, we are seeing an increasing interest in Asia, and rightfully so.
The ascension began in the late 1970s with a move to more open markets. It continued through aggressive central planning, utilizing the advantages of cheap labor, a devalued currency and a robust factory system to spread its products around the world. All of that changed the economy from slumbering rural decay to a prospering diverse superpower. The country now seems on a inexorable path to No. 1.
The Phase One Agreement is expected to be signed off by both parties during the first week of January. The Phase Two Agreement, however, is to be digitally focused. Senior US administration officials have stated that various issues ranging from digital trade to cross border data sharing and cyber intrusions will be addressed by the “phase two” negotiations between the two countries.
The House on Monday passed legislation that would bar the government from buying telecommunications equipment from companies deemed to be national security threats, such as Chinese telecom giant Huawei. The bipartisan Secure and Trusted Communications Networks Act, which passed the House unanimously, could get a vote in the Senate as soon as this week.
U.S. Trade Representative Robert Lighthizer said on Sunday that the phase one U.S.-China trade deal reached on Friday is “totally done,” and it will nearly double U.S. exports to China over the next two years. U.S. and Chinese officials announced on Friday that the U.S. and China had finally agreed to the phase one agreement after a contentious 18-month trade war.
President Donald Trump announced a “phase one” trade deal with China on Friday, saying Beijing had agreed to targeted purchases of U.S. goods and will avoid tariffs that had been set to go into place on Sunday. Trump said in a pair of tweets that the Chinese had agreed to “many structural changes and massive purchases” of American farm, energy and manufactured goods.