The Intelligence from The Economist

Bytes and pieces: America’s Chinese-tech attack

Aug 10, 2020
Tamsyn Booth, Technology and Business Editor at The Economist, dives into the escalating tension over Chinese tech with a focus on TikTok and WeChat bans. She discusses the implications of these actions on U.S.-China relations and emphasizes the need for robust data privacy regulations. The conversation also touches on the surprising slowdown in job automation linked to the pandemic, addressing fears of technological unemployment. Additionally, Booth explores the UK's initiatives to tackle obesity while stimulating the economy, highlighting policy contradictions.
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ANECDOTE

TikTok's Shift in Fortune

  • TikTok was experiencing success before the Trump administration's actions.
  • The administration issued a deadline for ending transactions with ByteDance and WeChat.
INSIGHT

Ban's Surprising Scope

  • The ban on TikTok and WeChat surprised many, as a deal was expected for TikTok.
  • Tencent's inclusion, with its 19 million US users, broadens the ban's impact.
INSIGHT

Rationale for the Ban

  • The administration justifies the ban citing Chinese government spying and data security concerns.
  • Although TikTok has a massive user base, there's no concrete evidence of ByteDance's cooperation in espionage.
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