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Illustration: Sarah Grillo/Axios

Chinese President Xi Jinping continues to emphasize the need for China to cut reliance on foreign technology.

Why it matters: China has had programs for decades to develop indigenous technologies, but the focus is rapidly intensifying as the U.S. puts more pressure on China.

What's happening:

1. Xi chaired a national conference on the "work of cybersecurity and informatization" last weekend.

  • Per Xinhua, he stressed that China will inject more resources into research, industrial development and policy making in order to achieve breakthroughs in information technologies.

2. Xi went on an inspection tour of Hubei Province. One of the main propaganda themes so far from his trip is the need to take control of China’s technological destiny. At one stop on Thursday Xi told his audience, per the NYT's Chris Buckley tweet:

"In the past we tightened our belts, gritted our teeth, and built the two [atomic and hydrogen] bombs and a satellite...In the next step of tackling technology, we must cast aside illusions and rely on ourselves."

The threat: The recent U.S. sanctions that may cripple ZTE, a new Department of Justice investigation of Huawei that could lead to similar sanctions, and what appears to be a broader Trump administration strategy to thwart China’s technology ambitions could make a U.S.-China technology war run much hotter than the overall conflict over trade.

  • Technology CEOs the world over with supply chain dependencies in China should be increasingly nervous and focused on their firms' efforts to have viable contingency plans for a U.S.-China technology cold war. 

The U.S. efforts may fail, according to James Lewis of the Center for Strategic and International Studies. Lewis writes:

"There are very few technologies where we still have a monopoly, and though it is in our national interest to prevent exports that improve China’s technological base, we should not delude ourselves that this will frustrate Chinese ambitions. At best it may slow them ... China may not retaliate directly or immediately, as it still needs some U.S. technology for mobile phones, but it will not allow ZTE to go under. Foreign suppliers will offer ZTE substitute goods if they make them and look to build substitutes if they do not."

Go deeper: Reuters reports today that the Trump administration “may start scrutinizing informal partnerships between American and Chinese companies in the field of artificial intelligence.”

Go deeper

Updated 3 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Health: The good and bad news about antibody therapies — Fauci: Hotspots have materialized across "the entire country."
  2. World: Belgium imposes lockdown, citing "health emergency" due to influx of cases.
  3. Economy: Conference Board predicts economy won’t fully recover until late 2021.
  4. Education: Surge threatens to shut classrooms down again.
  5. Technology: The pandemic isn't slowing tech.
  6. Travel: CDC replaces COVID-19 cruise ban with less restrictive "conditional sailing order."
  7. Sports: High school football's pandemic struggles.
  8. 🎧Podcast: The vaccine race turns toward nationalism.
Dan Primack, author of Pro Rata
Updated 4 hours ago - Economy & Business

Dunkin' Brands agrees to $11B Inspire Brands sale

Photo: Alexi Rosenfeld/Getty Images

Dunkin' Brands, operator of both Dunkin' Donuts and Baskin-Robbins, agreed on Friday to be taken private for nearly $11.3 billion, including debt, by Inspire Brands, a restaurant platform sponsored by private equity firm Roark Capital.

Why it matters: Buying Dunkin’ will more than double Inspire’s footprint, making it one of the biggest restaurant deals in the past 10 years. This could ultimately set up an IPO for Inspire, which already owns Arby's, Jimmy John's and Buffalo Wild Wings.

Ina Fried, author of Login
6 hours ago - Technology

Federal judge halts Trump administration limit on TikTok

Illustration: Aïda Amer/Axios

A federal judge on Friday issued an injunction preventing the Trump administration from imposing limits on the distribution of TikTok, Bloomberg reports. The injunction request came as part of a suit brought by creators who make a living on the video service.

Why it matters: The administration has been seeking to force a sale of, or block, the Chinese-owned service. It also moved to ban the service from operating in the U.S. as of Nov. 12, a move which was put on hold by Friday's injunction.