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<v Speaker 1>Hey there, I'm ting and welcome to Beijing. Bites your

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<v Speaker 1>go to source for the latest on the US China

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<v Speaker 1>tech war. It's been a wild couple of weeks, so

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<v Speaker 1>let's dive right in. First off, China's National Cyber Incident

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<v Speaker 1>Response Center CNCIRT accused the US government of launching cyber

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<v Speaker 1>attacks against two Chinese tech companies to steal trade secrets.

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<v Speaker 1>This isn't the first time we've seen these kinds of allegations,

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<v Speaker 1>but it's a clear sign that tensions are escalating. Meanwhile,

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<v Speaker 1>the US has introduced a stringent investment ban on China

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<v Speaker 1>effective January twenty twenty five, focusing on sensitive technologies like AI,

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<v Speaker 1>semiconductors and quantum computing. This is a big deal, folks.

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<v Speaker 1>It means US investors will have to do some serious

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<v Speaker 1>due diligence before putting their money into Chinese firms, and

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<v Speaker 1>it's going to reshape US China economic relations in a

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<v Speaker 1>major way. But that's not all. China's announced export controls

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<v Speaker 1>on twenty eight US companies, including Defense, Lockheed Martin and

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<v Speaker 1>Boeing Defense, in what's being seen as a preemptive strike

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<v Speaker 1>against the incoming Trump Administration's tougher stance on China. This

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<v Speaker 1>is tit for tat trade policy at its finest, and

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<v Speaker 1>it's going to get ugly. Now, let's talk about the implications.

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<v Speaker 1>Capstones Ian Tang believes a second Trump administration will intensify

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<v Speaker 1>the US's tough on China technology policy approach, expanding the

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<v Speaker 1>scope of controlled technologies and creating revenue risks for domestic

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<v Speaker 1>and foreign semiconductor manufacturers. This is bad news for firms

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<v Speaker 1>like semic which have benefited from lax application of US

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<v Speaker 1>export controls in the past. And what about the industry impacts. Well,

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<v Speaker 1>Japanese automakers and e commerce platforms are likely to take

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<v Speaker 1>a hit, and large scale M and A deals are

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<v Speaker 1>at risk due to Chinese trade retaliation. Western tech firms

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<v Speaker 1>with China exposure like Apple and Microsoft are also in

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<v Speaker 1>the crosshairs. So what's next next? Expect more aggressive and

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<v Speaker 1>expansive semiconductor export controls, tighter national security controls, and a

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<v Speaker 1>harder line with allies on enforcement. And don't be surprised

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<v Speaker 1>if we see more cyber attacks and countermeasures in the

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<v Speaker 1>coming months. That's all for now, folks, Stay tuned for

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<v Speaker 1>more updates on the US China tech war and remember

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<v Speaker 1>in the world of cybersecurity, it's always a cat and

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<v Speaker 1>mouse game. Until next time, I'm ting and this is

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<v Speaker 1>Beijing bites. Thanks for listening. Make sure you hit the

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