Categories
Starting a Business

US updates a science and technology pact with China to reflect growing rivalry and security threats [Video]

FILE – The American and Chinese flags wave at Genting Snow Park ahead of the 2022 Winter Olympics, in Zhangjiakou, China, Feb. 2, 2022. (AP Photo/Kiichiro Sato, File) (Kiichiro Sato, Copyright 2022 The Associated Press. All rights reserved)

WASHINGTON – The U.S. has updated a decades-old science and technology agreement with China to reflect their growing rivalry for technological dominance. The new agreement, signed Friday after many months of negotiations, has a narrower scope and additional safeguards to minimize the risk to national security.

The State Department said the agreement sustains intellectual property protections, establishes new guardrails to protect the safety and security of researchers and “advances U.S. interests through newly established and strengthened provisions on transparency and data reciprocity.”

It covers only basic research and does not facilitate the development of critical and emerging technologies, the department said. This includes technologies related to artificial intelligenceand quantum computing, which are considered crucial for …

Watch/Read More