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. Let's dive right. In the past two weeks
Speaker 1: have been a whirlwind of cybersecurity incidents, new tech restrictions,
Speaker 1: and policy changes that are reshaping the landscape of US
Speaker 1: China technology competition. Just a few days ago, the US
Speaker 1: Treasury Department was hit by a state sponsored cyber attack
Speaker 1: from China, targeting the Office of Foreign Assets Control and
Speaker 1: the Office of the Treasury Secretary. This isn't just any
Speaker 1: ordinary hack. It's part of Beijing's escalating hybrid tactics to
Speaker 1: undermine strategic competitors and gather sensitive intelligence. But that's not all.
Speaker 1: The Biden administration, in its final days, has issued new
Speaker 1: export controls on advanced computing chips and AI models to
Speaker 1: prevent China and Russia from accessing cutting edge technology. These
Speaker 1: rules revamp licensing requirements, creating three tiers for advanced chips
Speaker 1: and associated software. It's a move that reflects the ongoing
Speaker 1: tension between protecting US national security and allowing US tech
Speaker 1: companies to participate in the global market. Meanwhile, China has
Speaker 1: announced export controls on twenty eight US companies, including defense
Speaker 1: giants Lockheed Martin and Boeing Defense. This is a clear
Speaker 1: signal that Beijing is ready to fight US trade fire
Speaker 1: with fire, especially with Donald Trump's tougher stance on China
Speaker 1: looming large four. The implications are far reaching. The US
Speaker 1: China trade war could exacerbate global economic challenges, including inflationary
Speaker 1: pressures and energy in security, US investors in Chinese venture
Speaker 1: capital funds are racing to comply with new rules banning
Speaker 1: investments in companies developing AI and other advanced technologies used
Speaker 1: by the People's Liberation Army. In the cybersecurity realm, Chinese
Speaker 1: state backed hacker groups like volt Typhoon and salt Typhoon
Speaker 1: have been wreaking havoc. Vault Typhoon gained control of hundreds
Speaker 1: of US Internet routers to launch attacks on critical infrastructure,
Speaker 1: while salt Typhoon targeted data from US officials, including phones
Speaker 1: used by Donald Trump and his running mate. So what's next.
Speaker 1: Experts predict a renewed escalation in trade tensions between the
Speaker 1: world's two largest economies, with potential collateral damage for other nations.
Speaker 1: The US is also taking steps to safeguard its national security,
Speaker 1: including restrictions on connected vehicle technology from China and Russia.
Speaker 1: In conclusion, the US China tech war is heating up,
Speaker 1: with cybersecurity incidents, new tech restrictions, and policy changes dominating
Speaker 1: the headlines. As we move forward, it's clear that this
Speaker 1: rivalry will only intensify, with significant implications for global trade, security,
Speaker 1: and the future of technology. Stay tuned for more updates
Speaker 1: from Beijing Bytes. Thanks for listening. Make sure you hit
Speaker 1: the subscribe button and never miss an update. This has
Speaker 1: been a quiet please production. For more check out Quiet
Speaker 1: please dot ai