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China’s cybersecurity laws may be used to block US tech firms on national security grounds, says expert

China’s President Xi Jinping (C, front), Li Keqiang (3rd R, front), Wang Yang (3rd L, front), Wang Huning (2nd R, front), Zhao Leji (2nd L, front), Han Zheng (1st R, front) and Wang Qishan (1st L, front) attend the opening meeting of the second session of the 13th National People’s Congress at the Great Hall of the People in Beijing, capital of China, March 5, 2019. Photo: Xinhua Source link

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China 

China will increase support, subsidies for tech firms, official says

China will increase its support and subsidies for technology firms amid rising protectionism from the United States, a senior official said on Friday.Speaking at a press conference in Beijing, vice-minister for industry and information technology Wang Zhijun said the recent moves by Washington to stymie Chinese firms would help them to reduce their reliance on foreign technologies, and that their efforts to do so would receive the government’s full backing.“Recently, the US has taken a series… Source link

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Chinese AI firms hunker down as reports indicate they are next on US export hit list

iFlytek executive Hu Yu may have spoken too soon when he made a positive comparison of his company to Huawei Technologies during a new product launch in Shanghai earlier this week. The president of the Chinese voice recognition leader boasted on stage that it had a lot in common with Huawei, the global telecoms leader that is considered a national security threat by the US. “Huawei and iFlytek are very similar in DNA. Both are the kind of companies persistent enough to take 10 years to… Source link

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US widens its campaign against Chinese tech companies with eye on surveillance firms

Hikvision’s presence loomed large at a security exposition last month in Hangzhou, taking up the entire upper floor of the convention centre. On the ground floor, Dahua Technology, its smaller rival, shared space with other security technology companies. Luminescent displays of road traffic flows, emergency response statistics and crime reports greeted the hundreds of trade visitors.Hikvision and Dahua now find themselves in the crosshairs of the US government, which is said to be considering… Source link

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Vietnam 

Processing and manufacturing firms expect to perform better in Q2 – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

HÀ NỘI – Up to 89.4 per cent of enterprises in the processing and manufacturing industry expect to perform better in the second quarter of 2019, according to the General Statistics Office (GSO). Meanwhile, 10.6 per cent said production and business are going to be more difficult. The predictions are based on a survey conducted by the GSO of more than 6,500 processing and manufacturing firms in 63 cities and provinces nationwide. About 91.3 per cent of foreign direct investment (FDI) enterprises in the processing and manufacturing industry were optimistic that their business situation…

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Vietnam 

Vietnamese firms strive to increase apparel exports to Canada – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Representatives of Vietnamese and Canadian garment companies at the workshop in Montreal on Thursday. Photo VNA OTTAWA — Vietnamese textile and garment exports to Trans-Pacific Partnership (CPTPP) markets have failed to match the country’s stature as the world’s second largest apparel exporter. General Director of the Việt Nam National Textile and Garment Group (Vinatex) Lê Tiến Trường delivered this statement during a workshop held in the Canadian city of Montreal on Thursday. The event was organised as part of a trip by officials of Vinatex and its five member companies to Canada to promote their textile and garment…

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Vietnam 

Vietnamese firms urged to embrace digital transformation – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

     A panel discussion at a seminar on digital transformation held in HCM City on Friday. — VNS Photo HCM CITY — Vietnamese firms should embrace digital transformation to stay afloat in the Industry 4.0 era, delegates said at a seminar in HCM City on Friday. Digital transformation is the application of digital technologies to change business models and create new business opportunities, and to increase revenue and value. It can also change operation and leadership methods, working processes and corporate culture. Hồ Tú Bảo, scientific director at the…

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Vietnam 

German firms seeks to sell machine tools in VN – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  A conference to introduce innovations in production technology and machine tools from Germany in HCM City on Tuesday. – Photo dangcongsan.vn HÀ NỘI — The German Machine Tool Builders’ Association and the Delegate of German Industry and Commerce in Việt Nam on Tuesday in HCM City held a conference to introduce production technology and machine tools from Germany. German firms at the conference sought opportunities to export tools and technologies to Việt Nam for several industries, such as mechanics, automobile manufacturing, aviation industry and medical equipment. Việt Nam has experienced increasing demand…

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China 

Taiwan helps technology firms pivot production towards Southeast Asia as US tariffs hit mainland

Taiwan, home to many of the world’s leading electronics producers, is helping its manufacturers to expand beyond mainland China as increased US tariffs threaten the global technology supply chain.US President Donald Trump’s decision to increase tariffs on US$200 billion of mainland Chinese imports last week will have convinced any undecided Taiwanese companies of the need to shift some production away from the mainland, Kung Ming-hsin, Taiwanese minister-without-portfolio in charge of economic… Source link

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Vietnam 

Việt Nam must adjust mechanical engineering development strategy: firms – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    A mechanical engineering line at the Cosmos Industrial Company, Ltd in Thụy Vân  Industrial Park in the northern province of Vĩnh Phú. — Photo tinhuygialai.org.vn   HÀ NỘI – Việt Nam needs to adjust its development strategy for the mechanical engineering industry to ensure it develops sustainably. So said business associations at a conference promoting Việt Nam’s mechanical engineering industry, held in Hà Nội yesterday by the National Assembly’s Committee for Science, Technology and Environment and the Việt Nam Association of Mechanical Industry (VAMI). At the conference, they said the nation…

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