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

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<v Speaker 1>me tell you, the past two weeks have been absolutely

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<v Speaker 1>wild in the US China tech wall space, and honestly,

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<v Speaker 1>I'm questioning whether anyone's actually winning this chess match anymore.

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<v Speaker 1>Just two days ago, on September thirteenth, Beijing dropped what

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<v Speaker 1>I'm calling the Revenge Investigation Special. China's Ministry of Commerce

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<v Speaker 1>launched not one, but two probes targeting American semiconductor companies.

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<v Speaker 1>They're going after US analog chips from heavyweights like Texas

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<v Speaker 1>Instruments and Owen Semiconductor, claiming these companies are dumping products

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<v Speaker 1>while US import volumes surged over thirty percent between twenty

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<v Speaker 1>twenty two and twenty twenty four. The timing Chef's kiss

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<v Speaker 1>perfect because these announcements came right before Treasury Secretary Scott

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<v Speaker 1>Bessant sits down with Chinese Vice Premier he Li Fom

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<v Speaker 1>in Madrid this week. But here's where it gets spicy, listeners.

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<v Speaker 1>While everyone's focused on ships, we had the data breach

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<v Speaker 1>of the century. On September eleventh, over six hundred gigabytes

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<v Speaker 1>of China's Great Firewall documents got leaked online, exposing the

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<v Speaker 1>inner workings of the world's most sophisticated censorship machine. We're

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<v Speaker 1>talking source code, work logs, and evidence that gech networks,

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<v Speaker 1>led by Fang Binging, the actual father of the Great Firewar,

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<v Speaker 1>has been exporting surveillance tech way beyond China's borders. Then

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<v Speaker 1>there's the Salt Typhoon saga that's gotten seriously messy. What

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<v Speaker 1>started as targeted espionage in mid twenty twenty three has

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<v Speaker 1>exploded into a massive operation, affecting millions of Australians and

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<v Speaker 1>hitting dozens of countries. The Australian Signals Directory just attributed

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<v Speaker 1>this monster campaign to Beijing's Ministry of State Security and

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<v Speaker 1>the People's Liberation Army. Meanwhile, the export control game is

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<v Speaker 1>backfiring spectacularly. Remember Deep Seek, that Chinese AI start That

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<v Speaker 1>Chinese AI startup just wiped six hundred billion dollars often

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<v Speaker 1>Vidia's market cap in January by proving you can build

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<v Speaker 1>world class AI models with way fewer, less advanced chips.

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<v Speaker 1>The new model was only successful to the country. Industry

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<v Speaker 1>experts are now saying these restrictions might actually be accelerating

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<v Speaker 1>Chinese innovation rather than slowing it down. The semiconductor bundling

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<v Speaker 1>technique Chinese firms are using is fascinating. They're linking hundreds

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<v Speaker 1>of export compliant chips together to match the power of

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<v Speaker 1>restricted advanced GPUs. Sure it's more expensive and energy intensive,

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<v Speaker 1>but as one expert noted, Chinese firms are happy to

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<v Speaker 1>pay that price. Looking ahead, these Madrid talks aren't going

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<v Speaker 1>to solve much. Both sides are doubling down, and the

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<v Speaker 1>sunny conductor industry is bracing for prolonged uncertainty. The real

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<v Speaker 1>question isn't who's winning anymore, but whether this tech cold

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<v Speaker 1>war is pushing both nations toward more dangerous territory. Thanks

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<v Speaker 1>for tuning in and don't forget to subscribe for more

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