Of all the cases of economic espionage charged by the DOJ's National Security Division since 2012, more than 80% of them implicated China.World Politicsread more
"Whilst there is a big dispute at the moment, I think there's also potential for resolution," UBS chairman Axel Weber says of the U.S.-China trade negotiations.World Economyread more
Cryptocurrency fans will hope the futures contracts, which are federally regulated, can provide some much-needed legitimacy to bitcoin.Cryptocurrencyread more
Despite mixed fan and critic reactions to the final season of "Game of Thrones," the eight-season epic took home the top prize in the drama category at the Emmy Awards on...Entertainmentread more
There are alternative financial centers and investors can turn to Singapore, Tokyo or Shanghai if Hong Kong doesn't "shape up," says the founder and chairman of Citic Capital.Asia Economyread more
The Kingdom and oil and gas industry have been slow to shore up defenses, raising red flags about the possibility of longer term fall-out in the region.Technologyread more
Tensions between South Korea and Japan may ultimately disrupt the high-end tech sectors, says Heenam Choi, CEO at South Korea's sovereign wealth fund.Traderead more
On Sunday, the 71st Primetime Emmy Awards honored the best comedies, dramas, limited and variety series from the last year.Entertainmentread more
U.S. President Donald Trump's national security advisor said on Sunday that White House Asia policy adviser Matt Pottinger would become his top deputy.Politicsread more
Removing Neumann is a difficult decision for Son, who has long believed in WeWork and Neumann's vision to quickly expand the company.Technologyread more
Datadog went public on Thursday and instantly hit a $10 billion valuation, becoming the fourth cloud software debut to reach that level this year.Technologyread more
Global markets have rallied on the re-ignition of trade talks between the U.S. and China after President Donald Trump and President Xi Jinping's meeting at the weekend, but analysts say China is already adapting to the changing business landscape and that trade (and particularly, technological) relations will never be the same again.
Meeting on the sidelines of the Group of 20 (G-20) summit in Japan this weekend, Trump and Xi agreed to reignite stalled trade talks and pledged to hold off on new tariffs on each other's imports. Predictably, and perhaps short-sightedly, financial markets surged on Monday.
Although there was no further detail on a possible trade deal, Trump suggested he could ease restrictions on U.S. tech exports to Chinese tech giant Huawei, with caveats, even though the company had been described as a national security risk. The devil, as ever, is in the detail, analysts noted.
"Potential partial easing of U.S. restrictions on exports to Huawei represents slightly more de-escalation than expected, though the details remain unclear," Goldman Sachs' economics research team said in a note this week reacting to the Trump-Xi meeting.
Close watchers of the trade war, and particularly its impact on the tech environment, have said that whatever happens in the talks now, business relations between the U.S. and China will change and maybe for the worse.
"Everybody will be happy that negotiations are starting again," Hans-Paul Burkner, chairman of the Boston Consulting Group, told CNBC at the World Economic Forum in Dalian, China on Monday. "But clearly one has to expect that frictions will continue, and business will have to diversify supply chains and will have to rethink how to really spread their portfolio across the world in order to be less vulnerable."
He predicted that we'll see a "significant movement" of production from China to other parts of the world by both Chinese and international companies. He also predicted the possibility of an era of "two tech worlds" if Chinese and U.S. tech firms end an era of mutual supply and custom.
"Ideally, we keep a level playing field and we are able to work with each other and compete with each other around the world. But there is the possibility that we will really have two tech worlds, a Chinese one and a U.S. one, hopefully it will not come to that but it's not impossible."
The 18-month long trade war between the U.S. and China has been widely seen as a battle over tech. Indeed, a defining motive for Trump is what he sees as China's unfair trade practices and theft of American intellectual property. The restrictions placed on U.S. tech sales to Chinese companies ultimately helps China, however, by forcing it to progress its own innovations.
Henrik Naujoks, partner at the global management consultancy Bain & Company, told CNBC Monday that China is making "tremendous" progress in what he described as a "race between the U.S. and China on technology." Meanwhile, Ben Harburg, a managing partner of MSA Capital, characterized Trump's apparent concession on Huawei as a "reprieve," saying that it would give the tech firm time to develop its own chip capabilities and operating system.
"Huge amounts of capital and talent are going to be thrown at building self-reliance and establishing a kind of parallel technology ecosystem here (in China) without dependence on U.S. chips (and) operating systems," he told CNBC Monday. Ultimately, U.S. companies stood to lose out from this changing world, he said, as Chinese firms would source their components locally, and sell them in China and emerging markets.
"American companies in the hardware space like Apple have priced themselves out of markets like Africa, so if American chips aren't going in there then it's Chinese chips going into the phones that are being sold locally."