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US in 'decisive decade' in competition with China: NSA Jake Sullivan

The US has entered a "decisive decade" as it confronts its competition with China while facing challenges from climate change to energy to food security, international terrorism and disease, National Security Advisor Jake Sullivan said on Wednesday as the Biden administration unveiled its national security strategy. The Biden administration on Wednesday released its national-security strategy that serves as a reference point for officials to coordinate policies across the government. Speaking ahead of the document's official release, Sullivan said the fundamental premise of the strategy is that the US has entered a decisive decade with respect to two fundamental strategic challenges. "The first is the competition between the major powers to shape the future of the international order. And the second is that while this competition is underway, we need to deal with a set of transnational challenges that are affecting people everywhere, including here in the United States -- from clima

Joe Biden's global strategy tackles China, Russia, domestic needs

The White House laid out a national security strategy Wednesday aimed at checking an ascendant China and a more assertive Russia even as it stressed that domestic investments are key to helping the US compete in the critical decade ahead. The administration's first national security strategy, a document required by statute, stresses the need for a foreign policy that balances the interests of global allies with those of middle-class Americans. We understand that if the United States is to succeed abroad, we must invest in our innovation and industrial strength, and build our resilience, at home, the strategy states. Likewise, to advance shared prosperity domestically and to uphold the rights of all Americans, we must proactively shape the international order in line with our interests and values. In broad brushstrokes, the strategy sketches a decisive moment for national security, as President Joe Biden faces an arguably more complicated world than when he took office 21 months ago

US-China chip war wipes out $240 billion as stocks plunge; TSMC slips 8.3%

The Biden administration measures erect barriers of entry to China's market by limiting the ability of US firms to sell equipment and tech to their Chinese counterparts

Nasdaq falls as US export controls on China weigh on chip stocks

US bond market shut for Columbus Day holiday; S&P 500 tech sector leads declines

China slams US for export controls on chips, calls it violation of rules

China on Saturday criticized the latest U.S. decision to tighten export controls that would make it harder for China to obtain and manufacture advanced computing chips, calling it a violation of international economic and trade rules that will isolate and backfire on the U.S. Out of the need to maintain its sci-tech hegemony, the U.S. abuses export control measures to maliciously block and suppress Chinese companies, said Foreign Ministry spokeswoman Mao Ning. It will not only damage the legitimate rights and interests of Chinese companies, but also affect American companies' interests, she said. Mao also said that the U.S. weaponization and politicization of science and technology as well as economic and trade issues will not stop China's progress. She was speaking after the U.S. on Friday updated export controls that included adding certain advanced, high-performance computing chips and semiconductor manufacturing equipment to its list, as well as new license requirements for ite

US aims to hobble China's chip industry with sweeping new export rules

The raft of measures could amount to the biggest shift in U.S. policy toward shipping technology to China since the 1990s

Apple's tech supply chain shows difficulties in cutting dependence on China

Bloomberg Intelligence estimates it would take about eight years to move just 10% of Apple's production capacity out of China, where roughly 98% of the company's iPhones have been made

Wall Street banks review contingency plan as China-Taiwan tension escalates

While financial services executives said they view the risk of armed conflict in North Asia as low, they see tit-for-tat sanctions between the US and China that disrupt the flow of finance and trade

US forces will defend Taiwan against China invasion, says Joe Biden

Reacting to Biden's interview with CBS News, Chinese Foreign Ministry spokesperson Mao Ning said the remarks seriously violated the 'one China' policy and three joint communiques related to Taiwan

Tech rivalry with US is adding headwinds to China's troubled stock markets

From biotech to electric vehicles, shares of China's key manufacturers have seen heavy selling recently as US initiatives to secure domestic supply chains and solidify its industrial superiority

China sanctions Boeing, Raytheon executives for Taiwan arms deal

Previous sanctions by China have restricted people from entering China, Hong Kong or Macau, or doing business there, measures that would likely have little effect on Colbert or Hayes

A new space race? China rivalry adds urgency to US' return to moon

It's not just rocket fuel propelling America's first moonshot after a half-century lull. Rivalry with China's flourishing space program is helping drive NASA's effort to get back into space in a bigger way, as both nations push to put people back on the moon and establish the first lunar bases. American intelligence, military and political leaders make clear they see a host of strategic challenges to the US in China's space program, in an echo of the US-Soviet rivalry that prompted the 1960s' race to the moon. That's as China is quickly matching US civil and military space accomplishments and notching new ones of its own. On the military side, the US and China trade accusations of weaponizing space. Senior US defense officials warn that China and Russia are building capabilities to take out the satellite systems that underpin US intelligence, military communications and early warning networks. There's also a civilian side to the space race. The US is wary of China taking the lead i

US considers sanctions on China to deter it from invading Taiwan: Report

The idea is to restrict some trade and investment with China in sensitive technologies like computer chips and telecoms

US to announce $1 bn arms sale to Taiwan as tensions with China escalate

The Biden administration is set to announce a more than USD1 billion arms sale to Taiwan as US-China tensions escalate over the status of the island, according to American officials and a congressional aide briefed on the matter. The USD1.09 billion sale includes USD355 million for Harpoon air-to-sea missiles and USD85 million for Sidewinder air-to-air missiles, the officials and the aide said on Friday. They said the largest portion of the sale, however, is a USD655 million logistics support package for Taiwan's surveillance radar program, which provides air defence warnings. Early warning air defence systems have become more important as China has stepped up military drills near Taiwan, which it regards as a renegade province. The administration is to notify Congress of the sale after close of business on Friday, they said. The administration is expected to say that the deals comply with the US one-China policy and are in line with US commitments to Taiwan's defence. The acrimon

China demands US to repeal tech export curbs after Nvidia warning

The Chinese government on Thursday called on Washington to repeal its technology export curbs after chip designer Nvidia Corp. said a new product might be delayed and some work might be moved out of China. The latest controls add to mounting US-Chinese tension over technology and security. American officials say they need to limit the spread of technology that can be used to make weapons. Nvidia said it was told Friday it needs a US government license to export any product with performance equal to its A100 graphics processing chips or better to China, Hong Kong or Russia. It said buyers of the A100 and development of the newer H100 might be affected. China's Commerce Ministry accused Washington of abusing export controls to limit semiconductor sales to China. It said trade curbs would disrupt supply chains and global economic recovery. China firmly opposes this, said a ministry spokesperson, Shu Jueting. The US side should immediately stop its erroneous practices, treat companies

21 warplanes, five naval ships from China tracked around Taiwan Strait

Taiwan has tracked 21 warplanes and five naval ships from China around the country with eight jets that crossed the Taiwan Strait median line

US lawmakers reach Taiwan amid tensions with China, says report

China's embassy in Washington said on Sunday that "members of the U.S. Congress should act in consistence with the U.S.

China-US tensions: How global trade began splitting into two blocs

Pelosi's visit to Taiwan has elicited a strong response from China: 3 days of simulated attack on Taiwan, plus withdrawal from critical conversations with US on climate change

Eye on China, US President Joe Biden signs $280-billion CHIPS Act

Bill includes $52 bn in domestic semiconductor research and development

One year after war in Afghanistan, US spy agencies pivot toward China

CIA's No 2 official made clear that fighting al-Qaida and other extremist groups would remain a priority but that the agency's money and resources would be increasingly shifted to focusing on China