Biden administration restricts American investments in high-tech sectors in China President Joe Biden has signed an executive order Wednesday that will restrict American investments in certain high-tech sectors in China, including artificial intelligence, semiconductors, and quantum computing, citing national security concerns, according to senior Biden administration officials. The officials said the "narrow and targeted" restrictions were necessary to protect U.S. national security, by blocking China from using sensitive technologies to strengthen its military, develop weapons, and bolster its intelligence and surveillance capabilities. The move, which will likely garner pushback from Beijing, marks a major step by the Biden administration to restrict the flow of technology to China. The administration -- as well as lawmakers on both sides of the aisle -- have voiced concerns China could use American expertise to modernize its military and weaponry. But it also comes as the White House has sought to improve relations and increase communications with China, including with recent high-profile visits by Treasury Secretary Janet Yellen and Secretary of State Antony Blinken. "This is a national security action, not an economic one," an official told reporters Wednesday. "We recognize the important role that cross-border investment flows play in U.S. economic vitality, and this executive order is aimed at narrowly protecting our national security interests while maintaining that longstanding commitment to open investment." Biden administration restricts American investments in high-tech sectors in China© Lintao Zhang/Getty Images, FILE As part of Biden's order, the Treasury Department plans to completely prohibit private equity firms, venture capital funds, and other U.S.-based entities from making certain investments, while requiring investors notify it in advance of other transactions, according to the administration officials. The Treasury Department will soon start a rule-making process to better define the scope of the restrictions, according to the officials, who also noted the administration had engaged with over 175 stakeholders before moving forward. That process will include a period allowing the public, including lawmakers and the impacted industries, to comment. The rule is not expected to come into force until next year, an official said. "What we're talking about is a narrow and thoughtful approach, as we seek to prevent the PRC from obtaining and using the most advanced technologies to promote military modernization and undermining U.S. national security," an official said, using the acronym for China's official name. Biden administration restricts American investments in high-tech sectors in China - ABC News (go.com) https://www.cnbc.com/2023/08/09/bid...r-aimed-at-restricting-china-investments.html
No more balloon, a spy in your pocket, name TikTok. Wired has an article today about bogeymen, a good read.
whether TikTok or its parent company ByteDance is “a Chinese company,” Chew was evasive: “What is a company that is now global?” MOST POPULAR BACKCHANNEL Grimes on Living Forever, Dying on Mars, and Giving Elon Musk Ideas for His Best (Worst) Tweets STEVEN LEVY SECURITY The Mystery of Chernobyl’s Post-Invasion Radiation Spikes KIM ZETTER SECURITY Microsoft’s AI Red Team Has Already Made the Case for Itself LILY HAY NEWMAN SCIENCE Everyone Was Wrong About Antipsychotics MAX G. LEVY ADVERTISEMENT Chew’s responses, packaged in notably Americanized English, did little to assuage skeptics on the committee. Many lawmakers believe the short-video app is a weapon in disguise, developed by a foreign adversary to poison American minds and extract Americans’ data. One piece of evidence, repeatedly cited to corroborate the claim that TikTok is de facto spyware, is China’s National Intelligence Law. Enacted in 2017, the legislation states that “all organizations and citizens shall support, assist, and cooperate with national intelligence efforts.” The focus on the Chinese government’s subpoena power as a unique feature of its authoritarian system overlooks the many ways American companies cooperate with the state. Local and federal law enforcement routinely utilize access to social media platforms like Twitter and Facebook, private security cameras, and cell phone networks to criminalize and surveil, at times without proper authorization. The sweeps have been directed against migrants at the southern border, people seeking abortion services, and Black Lives Matter protesters. On the other hand, Chinese companies like Alibaba and Tencent have refused requests from state agencies to hand over customer data. The caricature of an almighty Beijing with absolute control feeds into the age-old misconception that the Chinese people are submissive subjects devoid of individual agency, who can only act out of national loyalty or political coercion, but never for personal interest or financial gain like their counterparts in the West. While the ruling party of China is nominally communist and maintains a Leninist structure, the country has been an integral player in global capitalism for decades. Yet, during the TikTok hearing, the word “communist” is frequently uttered, not to inform but to exoticize. The tone is reminiscent of an earlier era, when the United States claimed the holy mantle to save the colored masses of the world from the red menace. TikTok is not a product of communism but of surveillance capitalism. As China moves from the margins to the center of global capitalism, the panic over Chinese espionage is inseparable from the apprehension about the West in decline. History repeats itself as Florida and several other states pass or propose legislation restricting Chinese citizens from purchasing property, citing security concerns. Similar excuses were used for the “alien land laws” in the early 1900s that barred Chinese and Japanese immigrants from land ownership. The spying allegations against TikTok and other Chinese products are often hypothetical: It’s not so much about what the companies have done or even what they can do; China is used as a foil to project American fears and desires. After all, the US military and intelligence agencies are pioneers in surveillance technology and foreign interference. As it was in the aftermath of 9/11, a perceived threat is used to justify massive expansions of executive power, which also include the ability to monitor and manipulate, both at home and abroad. The Senate bill to ban TikTok has been aptly called a “Patriot Act for the internet.” MOST POPULAR BACKCHANNEL Grimes on Living Forever, Dying on Mars, and Giving Elon Musk Ideas for His Best (Worst) Tweets STEVEN LEVY SECURITY The Mystery of Chernobyl’s Post-Invasion Radiation Spikes KIM ZETTER SECURITY Microsoft’s AI Red Team Has Already Made the Case for Itself LILY HAY NEWMAN SCIENCE Everyone Was Wrong About Antipsychotics MAX G. LEVY ADVERTISEMENT TO CONTINUE OPERATING in the US under ByteDance ownership, TikTok has proposed to store American user data exclusively on US-based servers run by Oracle. The plan, Project Texas, is named after the state Oracle is headquartered in. The software giant, proudly American, boasts clients that include “all four branches of the US military,” the CIA, and local law enforcement. It has also marketed surveillance tools to Chinese police. Without universal data protection standards, the mere imposition of a national border around data does little to mitigate risk or reduce harm; instead, the border only helps determine who has the right to exploit the data and commit harm. Oracle is one of the largest data brokers in the world. In a report released in June, the US Intelligence Community acknowledged that commercially available information, which “includes information on nearly everyone,” has reached a scale and sophistication on par with targeted, more intrusive surveillance techniques. The private data market is loosely regulated and open to all. US spy agencies are among its countless clients. “Everyone is being surveilled constantly, but it’s always ‘Shoot the balloon!’ and never ‘Unplug Alexa.’” This line, delivered by comedian Bowen Yang on Saturday Night Live, encapsulates the quotidian reality of mass surveillance and the hypocrisy in official responses. After capitalism has commodified just about everything that sustains life—land, water, health care, to name a few, its latest site of extraction is life itself: our time, attention, movements, and presence. All can be captured, converted into data, and traded as commerce. For years, this virtually unfettered transaction has benefited US companies and is aligned with Washington’s agenda. China’s economic rise, coupled with Beijing’s belligerence, has shifted this calculus. As US authorities place more restrictions on the transnational exchange of money, goods, information, and people in the name of security, at times in conflict with the demands of capital, the two superpowers increasingly mirror each other in their paranoia and protectionist stance. The Chinese government recently revised its anti-espionage legislation. The new law, which went into effect on July 1, broadens the definition of spying, grants the state more power to inspect facilities and electronic devices, and further limits foreign access to domestic data. Citing the new legislation, China’s Ministry of State Security proclaimed in a social media post that “Counterespionage needs mobilization from all of society,” while FBI director Christopher Wray has repeatedly stated that a “whole-of-society” approach is necessary to fight against threats from China. In Beijing's propaganda materials alerting Chinese citizens of foreign intelligence activities, the spy is routinely depicted as a white man. The bodies we inhabit are never ours alone. In the age of surveillance capitalism, the bounds of our private existence are endlessly encroached on by the richest and mightiest of interests, who also dictate the terms of extraction and exploitation. In this uneven battle, privacy is more than an individual right; it’s a form of communal care. An encrypted message requires effort and trust from both the sender and the receiver. The decisions we make about seeing or not being seen also configure the spaces we move in; they affect how others see and are seen. To reclaim our sovereign yet porous selves, we must reimagine space—physical as well as digital, social as well as legal—and interrogate its many borders: around nation, race, gender, class, property and the commons. What if safety is achieved not by violent organs of the state but through their abolition? What if we reject the false binaries proposed by status quo powers and choose liberation? What if, instead of imprisoning our identities within predefined labels, we refuse to be categorized? What if we make ourselves illegible to convention, corrupt the code, glitch the mainframe, and disrupt the ceaseless flow of datafication? A secret language opens up pathways to fugitive spaces, where an uncompromised presence is restored and alternative futures are in rehearsal.
You can read it in Apple newsstands. anyway, it is talking about white men mentality and yellow scare.