The European Union will unveil a raft of measures Wednesday to better coordinate action on protecting sensitive technology and stopping critical infrastructure from falling into the hands of geopolitical rivals like China.In October the EU unveiled a list of four critical technologies advanced semiconductors, artificial intelligence, quantum computing and biotechnology that present the most sensitive and immediate risks related to technology security and leakage.
Against a backdrop of mounting tensions, the EU remains steadfast in its resolve to foster equitable trade relations with China. This determination has driven the bloc to initiate an anti-subsidy probe into Chinese e-cars. However, the bloc s trade chief s trip to China aligns with its protectionist thrust.
Asian stocks lost ground on Thursday, still hurting from China's slip into deflation, with investors particularly cautious ahead of a crucial U.S. inflation report that will likely influence the Federal Reserve's monetary policy path. The announcement of a U.S. ban on investments in sensitive technologies in the world's second-largest economy also weighed on sentiment. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.33% and it looked set to log a second straight week of losses.
US President restricts investments in China's tech sectors, straining US-China ties. Executive order aims at semiconductors, AI, and sensitive technologies