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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. Let's dive right. In the past two weeks

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<v Speaker 1>have been a whirlwind of cybersecurity incidents, new tech restrictions,

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<v Speaker 1>and policy changes that are reshaping the landscape of US

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<v Speaker 1>China technology competition. Just a few days ago, the US

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<v Speaker 1>Treasury Department was hit by a state sponsored cyber attack

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<v Speaker 1>from China, targeting the Office of Foreign Assets Control and

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<v Speaker 1>the Office of the Treasury Secretary. This isn't just any

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<v Speaker 1>ordinary hack. It's part of Beijing's escalating hybrid tactics to

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<v Speaker 1>undermine strategic competitors and gather sensitive intelligence. But that's not all.

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<v Speaker 1>The Biden administration, in its final days, has issued new

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<v Speaker 1>export controls on advanced computing chips and AI models to

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<v Speaker 1>prevent China and Russia from accessing cutting edge technology. These

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<v Speaker 1>rules revamp licensing requirements, creating three tiers for advanced chips

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<v Speaker 1>and associated software. It's a move that reflects the ongoing

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<v Speaker 1>tension between protecting US national security and allowing US tech

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<v Speaker 1>companies to participate in the global market. Meanwhile, China has

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<v Speaker 1>announced export controls on twenty eight US companies, including defense

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<v Speaker 1>giants Lockheed Martin and Boeing Defense. This is a clear

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<v Speaker 1>signal that Beijing is ready to fight US trade fire

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<v Speaker 1>with fire, especially with Donald Trump's tougher stance on China

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<v Speaker 1>looming large four. The implications are far reaching. The US

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<v Speaker 1>China trade war could exacerbate global economic challenges, including inflationary

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<v Speaker 1>pressures and energy in security, US investors in Chinese venture

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<v Speaker 1>capital funds are racing to comply with new rules banning

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<v Speaker 1>investments in companies developing AI and other advanced technologies used

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<v Speaker 1>by the People's Liberation Army. In the cybersecurity realm, Chinese

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<v Speaker 1>state backed hacker groups like volt Typhoon and salt Typhoon

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<v Speaker 1>have been wreaking havoc. Vault Typhoon gained control of hundreds

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<v Speaker 1>of US Internet routers to launch attacks on critical infrastructure,

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<v Speaker 1>while salt Typhoon targeted data from US officials, including phones

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<v Speaker 1>used by Donald Trump and his running mate. So what's next.

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<v Speaker 1>Experts predict a renewed escalation in trade tensions between the

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<v Speaker 1>world's two largest economies, with potential collateral damage for other nations.

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<v Speaker 1>The US is also taking steps to safeguard its national security,

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<v Speaker 1>including restrictions on connected vehicle technology from China and Russia.

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<v Speaker 1>In conclusion, the US China tech war is heating up,

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<v Speaker 1>with cybersecurity incidents, new tech restrictions, and policy changes dominating

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<v Speaker 1>the headlines. As we move forward, it's clear that this

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<v Speaker 1>rivalry will only intensify, with significant implications for global trade, security,

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<v Speaker 1>and the future of technology. Stay tuned for more updates

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<v Speaker 1>from Beijing Bytes. Thanks for listening. Make sure you hit

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