The XI meeting & the companies with the most at stake 11/13/23
TechCheck
CNBC
4.5 • 66 Ratings
🗓️ 13 November 2023
⏱️ 14 minutes
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| 0:00.0 | President Biden set to meet face to face with China's President Xi Jinping Wednesday. |
| 0:05.2 | Today on Tech Check, China and the US hoping to stabilize tensions |
| 0:09.6 | amid a downward spiral in relations. |
| 0:11.6 | Why business and tech are the areas to watch. |
| 0:14.0 | It's Monday, November 13th. Welcome to the Tech Check podcast. I'm Dear Dribosa. |
| 0:21.0 | And I'm Mark Gilbert, the Apex meetings this week in San Francisco, China and the United States and |
| 0:28.2 | tech, an area where the two sides could win some concessions and stabilize a relationship that's been |
| 0:34.4 | fraught and increasingly tense over the last few years and the biggest |
| 0:39.0 | beneficiaries are potentially tech companies. They could also be the biggest losers, |
| 0:43.5 | but when you look at the sheer amount of issues, |
| 0:47.2 | right, that has been building between the two countries, |
| 0:50.4 | economics is still the bedrock of that relationship. |
| 0:53.3 | So you would think that, well, you may not get full resolutions, |
| 0:56.2 | at least you could get concessions. |
| 0:57.7 | It's a relatively safer place versus, say, |
| 1:00.8 | human rights or even climate change or military positions. |
| 1:05.0 | Tech is sort of where there could be some concessions, there could be some |
| 1:10.0 | increased limits as well, but that's why you want to look at it this week. So front and center let's take the has been trying to cut off high and chip sales to the Chinese customers. |
| 1:23.6 | The idea being protect U.S. intellectual property and slow down China's tech development, |
| 1:29.6 | especially when it comes to the military. |
| 1:32.1 | But companies in both countries they have found |
| 1:34.0 | workarounds and loopholes for years Mark. Right and I think that this is sort of |
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