US - China (Cold War) 01 (Jul 19 - May 23)

Re: US - China (Cold War)

Postby winston » Mon Aug 03, 2020 5:50 am

Pompeo: Trump to act on Chinese software companies in coming days

WASHINGTON, Aug 2 — President Donald Trump will take action shortly on Chinese software companies that are feeding data directly to the Beijing government, posing a risk to US national security, Secretary of State Mike Pompeo said today.

“President Trump has said ‘enough’ and we’re going to fix it and so he will take action in the coming days with respect to a broad array of national security risks that are presented by software connected to the Chinese Communist Party,” Pompeo said on Fox News Channel’s Sunday Morning Futures.

Source: Reuters

https://www.malaymail.com/news/money/20 ... ys/1890428
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Re: US - China (Cold War)

Postby behappyalways » Tue Aug 04, 2020 4:26 pm

Chinese state media slams U.S. as a ‘rogue country’ for its planned ‘smash and grab’ of TikTok
https://www.cnbc.com/2020/08/04/tiktok- ... liate.html
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Re: US - China (Cold War)

Postby behappyalways » Wed Aug 05, 2020 11:15 am

Dong added that it was unlikely that the decision on TikTok would be relaxed, given that China has also blocked products by many major US tech companies.
“If TikTok can operate in the US freely, China will accordingly have to let American giants like Facebook and Google in, which for Beijing is not going to happen.”


Forced TikTok sale in US is compared to ‘robbery’ in China but ByteDance has few options, experts say
https://www.scmp.com/tech/apps-social/a ... ce-has-few
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Re: US - China (Cold War)

Postby behappyalways » Thu Aug 06, 2020 2:29 pm

TikTok: Trump administration plans Chinese tech crackdown
https://www.bbc.com/news/business-53674620
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Re: US - China (Cold War)

Postby winston » Fri Aug 07, 2020 7:53 am

Trump advisers urge 2022 delisting of U.S.-listed Chinese cos that fail to meet U.S. audit standards

by Alexandra Alper

WASHINGTON (Aug 7): Trump administration officials have urged the president to delist Chinese companies that trade on U.S. exchanges and fail to meet U.S. auditing requirements by January 2022, Securities and Exchange Commission and Treasury officials said on Thursday.

The remarks came after President Donald Trump tasked a group of key advisers, including Treasury Secretary Steve Mnuchin and SEC Chairman Jay Clayton, with drafting a report with recommendations to protect U.S. investors from Chinese companies whose audit documents have long been kept from U.S. regulators.

The U.S. Senate unanimously passed legislation in May that could prevent some Chinese companies from listing their shares on U.S. exchanges unless they follow standards for U.S. audits and regulations.

The administration's recommendations, if implemented via an SEC rulemaking process, would give Chinese companies already listed in the United States until Jan. 1, 2022, to ensure the U.S. auditing watchdog, known as the PCAOB, has access to their audit documents.

They can also provide a "co-audit," for example, performed by a U.S. parent company of the China-based affiliate tasked with auditing the Chinese firm. However, companies seeking to list in the United States for the first time will need to comply immediately, the officials said.

A state Department official told Reuters the administration plans to soon scrap a 2013 agreement between U.S. and Chinese auditing authorities to set up a process for the PCAOB to seek documents in enforcement cases against Chinese auditors.

The PCAOB has long complained of China’s failure to grant requests, giving it scant insight into audits of Chinese firms that trade on U.S. exchanges.

Source: The Edge

https://www.theedgemarkets.com/article/ ... -standards
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Re: US - China (Cold War)

Postby behappyalways » Fri Aug 07, 2020 1:56 pm

Trump issues orders banning TikTok and WeChat from operating in 45 days if they are not sold by Chinese parent companies
https://edition.cnn.com/2020/08/06/poli ... index.html
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Re: US - China (Cold War)

Postby behappyalways » Thu Aug 13, 2020 7:35 pm

US demands for TikTok may escalate decoupling and hurt businesses, says China expert
m.youtube.com/watch?v=6zU2aakKvnw
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Re: US - China (Cold War)

Postby behappyalways » Sun Aug 16, 2020 5:33 pm

2020.08.15【文茜世界周報】美中膠著 香港動亂 成習近平政治危機
https://www.youtube.com/watch?v=BnpU3Uv3VJQ
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Re: US - China (Cold War)

Postby winston » Mon Aug 17, 2020 7:39 am

Trump may target more Chinese firms

US President Donald Trump said he could exert pressure on more Chinese companies such as tech giant Alibaba (9988) after he moved to ban TikTok.

Asked at a Saturday news conference whether there were other particular China-owned companies he was considering a ban on, such as Alibaba, Trump replied: "Well, we're looking at other things, yes."

On Friday, the United States ordered Chinese owner ByteDance to divest the US operations of TikTok within 90 days, the latest effort to ramp up pressure over concerns about the safety of the personal data it handles.

Trump, who has made changing the US-China trade relationship a central theme of his presidency, has been sharply critical of China while also praising its purchases of agriculture products such as soybeans and corn as part of a trade agreement reached late last year.

Source: The Standard

https://www.thestandard.com.hk/section- ... nese-firms
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Re: US - China (Cold War)

Postby behappyalways » Wed Aug 19, 2020 8:20 am

New sanctions deal 'lethal blow' to Huawei. China decries US bullying
https://edition.cnn.com/2020/08/17/tech ... index.html
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