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<v Speaker 1>Hey there, I'm ting and let's dive right into the

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<v Speaker 1>latest on the US China tech war. Over the past

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<v Speaker 1>two weeks, things have escalated quickly. Let's start with the

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<v Speaker 1>cybersecurity incidents. The People's Republic of China PRC has been

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<v Speaker 1>busy with a state sponsored cyber attack on the US

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<v Speaker 1>Treasury Department. This breach, likely aimed at gathering intel on

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<v Speaker 1>US sanctions on Chinese exports, is just the tip of

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<v Speaker 1>the iceberg. The Salt Typhoon Group, a Chinese state backed

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<v Speaker 1>hacker group, has breached nine US telecommunications providers, giving the

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<v Speaker 1>Chinese government broad access to Americans data and the capability

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<v Speaker 1>to geolocate millions of individuals two five. But that's not all.

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<v Speaker 1>China has also imposed export controls on twenty eight US companies,

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<v Speaker 1>including defense giants Lockheed Martin and Boeing Defense, in retaliation

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<v Speaker 1>for US restrictions on Chinese access to critical and emerging technologies.

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<v Speaker 1>This move signals Beijing's willingness to fight US trade fire

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<v Speaker 1>with fire, especially with Donald Trump set to resume the

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<v Speaker 1>presidency and his promise of tougher stances on China ie.

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<v Speaker 1>The US, on the other hand, has ramped up restrictions

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<v Speaker 1>on China's access to chip making equipment and software essential

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<v Speaker 1>for semiconductor development, adding one hundred and forty Chinese companies

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<v Speaker 1>to the export control list. China has countered by banning

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<v Speaker 1>chips from US companies like Micron in its sensitive sectors

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<v Speaker 1>and releasing an export control list of dual use items

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<v Speaker 1>aimed at creating a consolidated list for Expert analysis suggests

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<v Speaker 1>that these escalations are part of a broader strategy. David Sedney,

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<v Speaker 1>former Deputy Assistant Secretary of Defense, notes that the Chinese

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<v Speaker 1>want to be prepared for what the Biden administration does

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<v Speaker 1>in its closing days and what the Trump administration does

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<v Speaker 1>starting on January twentieth. He warns that the attacks are

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<v Speaker 1>likely to grow in scope and sophistication. Looking ahead, the

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<v Speaker 1>implications are signific. The global economy is already grappling with

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<v Speaker 1>inflationary pressures, energy and security, and the specter of war.

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<v Speaker 1>A renewed escalation in trade tensions between the world's two

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<v Speaker 1>largest economies could exacerbate these challenges, dragging other nations into

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<v Speaker 1>the fray as collateral damage. In conclusion, the past two

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<v Speaker 1>weeks have seen a dramatic escalation in the US China

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<v Speaker 1>tech war, with both sides employing new restrictions and cyber attacks.

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<v Speaker 1>As we move forward, it's clear that this rivalry will

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<v Speaker 1>continue to shape the global economic landscape with no end

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<v Speaker 1>in sight. Stay tuned, folks, it's going to be a

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<v Speaker 1>wild ride. Thanks for listening. Make sure you hit the

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