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Biden to counter China tech by urging investment in US says adviser

Biden to Counter China Tech By Urging Investment in US: Adviser

PALO ALTO, United States – Brian Deese, the new director of the National Economic Council of the United States, said the United States under Joe Biden will fight for the supremacy of technology by rebuilding its core forces rather than imposing restrictions on China.
Deese was speaking at the first all-digital CES, the world’s largest consumer electronics and tech show, where executives and tech experts from around the world discussed how President-elect Biden’s administration could address technological and business issues.
Over the past four years, President Donald Trump’s administration has injected uncertainty into the tech sector by issuing a series of orders limiting US tech firms’ relations with China and pushing a de facto “technological decoupling”.
Last week, Trump introduced a last-minute ban on Chinese apps, including several apps owned by Alibaba and Tencent, escalating US-China tensions that had already wreaked havoc on the US tech sector, especially in the form billions of dollars loss.
“The business community is looking for a little more consistency and predictability rather than waking up and reading a Twitter feed and seeing how your professional life is going to change and your business needs to rejuvenate and move,” said Gary Shapiro, president and CEO of the Consumer Technology Association.
Shapiro was speaking at a panel discussion at CES with Deese, who has served as a senior adviser to former President Barack Obama and will advise Biden on national and international economic policy.
While promising the tech industry that the Biden administration “will restore science to our core decision-making,” Deese said the rivalry between the United States and China will continue.
“I think it’s clear that China is our most serious global competitor and this competition will be one of the central challenges of this century.”
Instead of undermining Chinese companies by introducing tariffs and export bans, the Biden administration will prioritize domestic investment in the tech sector.
During his campaign, Biden showcased a ‘Buy American’ program, which includes $300 billion for new technologies ranging from electric vehicles and lightweight materials to 5G and artificial intelligence – areas where China is winning quickly.
“One of the most important parts of the president-elect’s vision for how to approach this competition is that we need to rebuild our core strengths in the United States,” Deese said.
“One of the things you’re going to see very early on [in Biden’s presidency] is the emphasis on domestic investment in our people, in our economy, in our democracy,” he added.
Deese added that collaborations with U.S. allies would be another key to pushing back China’s growing technological and economic power.
“The second thing is to really revitalize our alliances and partnerships around the world,” he said.
“The other thing you heard very clearly from the president-elect is that we will take a multilateral approach.”
Deese did not provide details on how the Biden administration would handle privacy concerns, Big Tech’s antitrust practices and other issues, but said the new president will work with Congress to identify where “our regulatory architecture does not meet the needs of the economy” as soon as he takes office.
U.S. tech companies – especially Google, Apple, Facebook, and Amazon – have faced regulatory headwinds in recent years, including a federal investigation into their anti-competitive practices.
Biden and Vice President-elect, Kamala Harris, have openly criticized the tech industry and called for more regulations, especially for social media giants like Facebook. Biden is expected to be successful in this regard.
“I think the Biden administration will have a lot to do,” Keith Enright, Google’s privacy manager, said during a CES panel discussion with executives from Twitter and Amazon.
“I expect privacy and data protection to be one thing on a very long list and an extremely important job that they will take on at the start of the year.”
Meanwhile, Big Tech already knows Harris. The vice-president-elect is a former attorney general from California, where most of America’s tech giants are headquartered, and many Silicon Valley executives are on her campaign’s donor list.
Harris’ stay in California could prove useful as the Biden administration executes its tech agenda.
“Vice President-elect Harris was very involved in the privacy issue so I absolutely expect them to act on this [privacy issue],” said Anne Toth, director of Alexa Trust at Amazon.
“Hopefully his [in California] experience will come into play as they reflect on the administration’s approach.”

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