Speaker 1: Hey there, I'm ting and welcome to Beijing. Bites your
Speaker 1: go to source for the latest on the US China
Speaker 1: tech war. It's been a wild couple of weeks, so
Speaker 1: let's dive right in. First off, China's National Cyber Incident
Speaker 1: Response Center CNCIRT accused the US government of launching cyber
Speaker 1: attacks against two Chinese tech companies to steal trade secrets.
Speaker 1: This isn't the first time we've seen these kinds of allegations,
Speaker 1: but it's a clear sign that tensions are escalating. Meanwhile,
Speaker 1: the US has introduced a stringent investment ban on China
Speaker 1: effective January twenty twenty five, focusing on sensitive technologies like AI,
Speaker 1: semiconductors and quantum computing. This is a big deal, folks.
Speaker 1: It means US investors will have to do some serious
Speaker 1: due diligence before putting their money into Chinese firms, and
Speaker 1: it's going to reshape US China economic relations in a
Speaker 1: major way. But that's not all. China's announced export controls
Speaker 1: on twenty eight US companies, including Defense, Lockheed Martin and
Speaker 1: Boeing Defense, in what's being seen as a preemptive strike
Speaker 1: against the incoming Trump Administration's tougher stance on China. This
Speaker 1: is tit for tat trade policy at its finest, and
Speaker 1: it's going to get ugly. Now, let's talk about the implications.
Speaker 1: Capstones Ian Tang believes a second Trump administration will intensify
Speaker 1: the US's tough on China technology policy approach, expanding the
Speaker 1: scope of controlled technologies and creating revenue risks for domestic
Speaker 1: and foreign semiconductor manufacturers. This is bad news for firms
Speaker 1: like semic which have benefited from lax application of US
Speaker 1: export controls in the past. And what about the industry impacts. Well,
Speaker 1: Japanese automakers and e commerce platforms are likely to take
Speaker 1: a hit, and large scale M and A deals are
Speaker 1: at risk due to Chinese trade retaliation. Western tech firms
Speaker 1: with China exposure like Apple and Microsoft are also in
Speaker 1: the crosshairs. So what's next next? Expect more aggressive and
Speaker 1: expansive semiconductor export controls, tighter national security controls, and a
Speaker 1: harder line with allies on enforcement. And don't be surprised
Speaker 1: if we see more cyber attacks and countermeasures in the
Speaker 1: coming months. That's all for now, folks, Stay tuned for
Speaker 1: more updates on the US China tech war and remember
Speaker 1: in the world of cybersecurity, it's always a cat and
Speaker 1: mouse game. Until next time, I'm ting and this is
Speaker 1: Beijing bites. Thanks for listening. Make sure you hit the
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