Tag: China–United States trade war

BusinessSoftwareTechnology

US Weighs Software Export Curbs in Escalating Tech Standoff with China

The United States is reportedly planning new restrictions on products containing American software exported to China. Beijing has vowed countermeasures, escalating trade tensions ahead of crucial negotiations.

Potential Software Export Restrictions

The Trump administration is reportedly considering new export controls on products containing American software destined for China, according to sources familiar with the matter. The proposed restrictions would affect a wide range of consumer and industrial goods, from laptops to jet engines powered by software developed by US companies. While no final decision has been made, analysts suggest this represents a significant escalation in the ongoing technology conflict between the world’s two largest economies.

by Aaron Vale
InnovationScienceTechnology

China Unveils Five-Year Strategy to Boost Scientific Independence Amid Global Tensions

China has approved a comprehensive five-year development blueprint prioritizing scientific and technological independence, according to state media reports. The announcement follows a four-day leadership meeting addressing what officials describe as “profound and complex” global changes. This strategic shift comes as economic pressures mount from international trade tensions and domestic market challenges.

New Development Blueprint Approved

China has unveiled a new five-year development plan focused on achieving greater self-reliance in science and technology, according to state media reports. The announcement came in an official communique following a four-day meeting where party leadership approved the draft development blueprint, signaling a strategic pivot toward technological independence amid growing global uncertainties.

by Elijah Porter
BusinessEconomy

China’s Economic Expansion Slows to Annual Low Amid Property Market Declines

China’s economic growth has decelerated to its slowest pace in a year, with GDP expanding 4.8% year-on-year in the third quarter. The slowdown comes as property prices decline further and retail sales weaken despite stronger industrial production.

Economic Growth Moderates Amid Trade Tensions

China’s economic expansion has reportedly slowed to its lowest level in twelve months, with the gross domestic product growing 4.8% year-on-year in the July-September quarter, according to the National Bureau of Statistics. This represents a moderation from the 5.2% growth recorded in the second quarter and falls below the 5.4% expansion seen in the first three months of the year. The cooling growth coincides with ongoing trade tensions between Beijing and Washington, which analysts suggest have dampened economic activity.

by Elijah Porter