Discussions around payment platforms of Ant Group, Tencent have been held up in part by debate over what authority govt would use to restrict them & how quickly measures could be implemented.
Two reports by congressional panels, one controlled by Democrats & the other by Republicans, said US should re-examine all aspects of its ties with China — including trade, defense, intel capabilities.
The US Friday issued orders to ban Chinese social media apps TikTok and WeChat from Sunday to safeguard national security, more that a month after India banned them.
The visas were cancelled under a May presidential proclamation which targets Chinese citizens with ties to the People’s Liberation Army, an US embassy statement said.
US move to restrict Chinese companies from accessing data of Americans is already impacting corporate deal-making & geopolitics, with both countries and companies pressured to pick sides.
Instead of focusing on China's failing economy, Xi's strategy is to challenge the strongest global player (the US) and the strongest regional adversary (India).
The US Secretary of State said that countries like India, Australia, Japan and South Korea are going to partner with US to push back Beijing on every front.
US and China, rather than treating each other’s firms as national security threats, should seek industry consensus and best practices that can be used to establish global standards.
There is the fight against authoritarianism, and then there are 'liberal' Muslim women who ar supposed to be allies. Sadly, diluting the debate distracts one from the core issue.
India-US trade in first 3 yrs under Biden was $122 bn, while it was $83 bn in Trump’s first term. Average trade surplus in India’s favour grew from $18 bn under Trump to $31 bn under Biden.
The Chinese aircraft has uncanny similarities to the American F-35 jet. There are claims that China copied the design. Cyber theft of F-35 design data was reported in 2009.
While we talk much about our military, we don’t put our national wallet where our mouth is. Nobody is saying we should double our defence spending, but current declining trend must be reversed.
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