Open standards, not sanctions, are America’s best weapon against Huawei

America needs a new way to deal with the Chinese telecoms giant. Its own tech industry points the way. Technology is power. Whoever controls the global digital infrastructure controls the world. That is why America is so worried about China’s rise as a technological superpower. It also explains why it is going to such lengths, even using European-style industrial policy, to rein in Huawei, … https://econ.st/2RB8QFV

MPs summon China-owned firm execs over security concerns

A leading UK-based firm will be summoned on Tuesday by MPs to answer questions over security concerns. There are concerns that the Chinese owner of Imagination Technologies has renewed efforts to transfer ownership of sensitive security software to companies controlled by China. Lawmakers worry the coronavirus crisis is diverting attention from controversial technology transfers. The fear is … https://bbc.in/3eelxAi

China’s RMB is less popular as it ages

In 2016, China’s currency seemed on target for global reserve status. These days, the renminbi appears stuck in reverse, with Beijing looking on passively as its status shrinks and it slides down the global rankings. When financial messaging provider Swift published its latest RMB Tracker in late January, almost no one noticed. For good reason. Anyone not focused on US politics or Australian fires … http://bit.ly/3bwStTf

Trump Effort to Keep U.S. Tech Out of China Alarms American Firms

The administration wants to protect national security by restricting the flow of technology to China. But technology companies worry it could undermine them instead. A Trump administration proposal would allow Commerce Secretary Wilbur Ross to block certain transactions involving technology tied to a “foreign adversary.” The Trump administration’s push to prevent China from dominating the market … https://nyti.ms/38BzJAa

The road – China is making substantial investment in ports and pipelines worldwide

Many are worried they could be used for military or other strategic purposes. No chinese reference to the maritime Silk Road is complete without mention of the voyages of Zheng He. The eunuch admiral, a Muslim at the Ming court, led seven voyages in the early 15th century in a fleet of vast sailing barges known as “treasure ships”. The official narrative is that he went abroad to spread peace, … https://econ.st/37klGO5