Xi Mobilizes China for Tech Revolution to Cut Dependence on West msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
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By Bob Davis President Biden portrays U.S. relations with China as a clash of values: democracy vs. autocracy. But his rhetoric obscures the administration s more pragmatic approach of cobbling together groups of countries to work jointly on technology. The goal is to stay ahead of China in semiconductors, artificial intelligence and other advances that are expected to define the economy and military of the future. Preliminary conversations with U.S. allies have begun, though the effort is expected to take months, said senior administration officials. The strategy has both offensive and defensive components. By combining efforts, the U.S. and its allies can vastly outspend China, whose research-and-development budget now nearly matches the U.S. The alliances can also coordinate policies to deny China the technologies it needs to try to become a global leader.
Wall Street wants to finance the enemy, and the Biden administration is opening the door wide.. Beijing views the U.S. financial community as its channel to influence the highest levels of the American political system. "It would be a tragic mistake
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What started out as “temporary” layoffs earlier this month at General Motors Co.’s plant in Kansas City soon became “indefinite.” Across town, Ford Motor Co. slowed down production of its F150 pick-up truck, the company’s cash cow, and did the same at another facility in Michigan.
The carmakers were responding to a crippling shortage of the indispensable chips that are used to build modern vehicles, for everything from automatic braking systems to airbags and electronically adjusted seats.
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Christopher Yasiejko, Bloomberg News A SZ DJI Technology Co. Mavic 2 Enterprise drone flies in Shenzhen, China, on Thursday, Sept. 5, 2019. Shenzhen is young, hopeful and looks optimistically toward a future where it can help drive Chinaâs push to dominate the next century through an innovative economy that sidesteps political freedoms. The city also has the centralized control, relentless efficiency and advanced manufacturing that lie at the root of President Xi Jinpingâs concept of Chinaâs future greatness. Photographer: Qilai Shen/Bloomberg , Christopher Yasiejko
(Bloomberg) For months, drone aficionados have followed coverage on hobbyist websites of rumors and leaks about SZ DJI Technology Co.âs new drone. On Wednesday, DJI even posted on its website a teaser video in anticipation of the release.