The Trump administration is moving toward a set of rules that would heavily restrict the People’s Republic of China’s ability to acquire American technology-developing companies and American technology.
Of course, there are objections to protecting our stuff.
Industry groups…are mainly concerned that the export controls could negatively affect their businesses by preventing them from using their technological edge.
If such groups were truly serious about this, they’d be truly serious about hardening their member companies’ facilities against hacking.
While many object to the investment restrictions, they are seen as having less practical impact because Chinese investment has fallen off so drastically.
This is short-sighted to the point of being disingenuously so. The PRC’s investment has fallen off because, through theft, hacking, and their extortionate requirement of “sharing” technology and inserting backdoors into core software as a condition of doing business in the PRC, they’ve largely caught up. When we get our edge back, the PRC’s “investment” efforts will pick back up. The restriction objectors know this.