Globaldata Share Discussion Threads

[mattjos] 06/2/2019 16:19

just had these guys call me try to sell me their services.
Ran through an online screen-share for their mining sector data .. looks pretty impressive.
Sadly no use to me/us .. wish it could have been

Made me have a quick look at the company .. nice chart

[littleredrooster] 17/11/2018 10:44

Google remains a relatively tiny player in a market dominated by Amazon



Head of Google's Cloud-Computing Effort to Step Down -- WSJ

17/11/2018 8:02am
Dow Jones News

By Douglas MacMillan and Jay Greene

This article is being republished as part of our daily reproduction of WSJ.com articles that also appeared in the U.S. print edition of The Wall Street Journal (November 17, 2018).

Google's top cloud-computing executive and one of tech's highest-ranking women is departing the company after three years and will be succeeded by a former executive of business-software rival Oracle Corp.

Diane Greene will relinquish her role as CEO of Google Cloud in January, she said in a blog post Friday. Thomas Kurian, a former president of product development at Oracle, will then step in. Ms. Greene will retain her seat on the board of Google parent Alphabet Inc.

Ms. Greene, a Silicon Valley veteran who co-founded corporate-software pioneer VMware Inc., joined Google in 2015 to help it take on Amazon.com Inc. and Microsoft Corp. in the growing market for cloud computing software and services. Ms. Greene expanded Google's sales force and struck deals with corporate clients such as Target Corp. and HSBC Holdings but failed to gain market share at the same rate as Microsoft.

"They haven't performed as well as the expectation was when Diane was brought on," said Holger Mueller, principal analyst at Constellation Research, Inc.

Google remains a relatively tiny player in a market dominated by Amazon, which generated 51.8% of revenue in the global cloud-software market in 2017, according to Gartner. Microsoft outpaced other players, increasing its share to 13.3% last year, from 8.7% the year earlier. Google nudged its share up to 3.3%, from 2.7% in 2016.

Inside Google, where the core business of online ads is showing signs of slowing, cloud computing is seen as a key driver of growth. Google said earlier this year cloud sales generated more than $1 billion quarterly, but it hasn't disclosed any further specifics. Analysts at Credit Suisse expect the division to generate $6.9 billion, or about 6% of Alphabet's total revenue this year -- up from an estimated 3% last year. In the third quarter alone, Amazon's cloud division generated $6.68 billion.

Ms. Greene's investment in artificial intelligence tools has given Google advantages over competitors but also put her at the center of a debate about the ethical use of AI. Her team's work helping the U.S. Defense Department with drone targeting, an effort called Project Maven, sparked internal backlash from Google employees earlier this year, ultimately leading the company to say it would stop renewing the contract.

Mr. Kurian led Oracle's transformation from a vendor of legacy software applications that companies run in their own data centers to one that belatedly embraced cloud computing. His title was president of product development, but he reported directly to Chairman and Chief Technology Officer Larry Ellison, not the company's co-chiefs, Safra Catz and Mark Hurd.

Mr. Ellison is driving Oracle's investment in developing a rival cloud-infrastructure service that competes directly with Amazon, Microsoft and Google, and has routinely criticized market leader Amazon as having inferior technology. At Oracle's OpenWorld conference two years ago, Mr. Ellison predicted "Amazon's lead is over" -- but since then Amazon's cloud-infrastructure business has grown faster than Oracle's much-smaller one.

As Oracle continued to lose ground in that market, Mr. Ellison reorganized the engineering teams that develop the company's cloud-computing services this summer, according to a person familiar with the internal discussions. Those changes left Mr. Kurian with a smaller remit, the person said. Oracle announced that Mr. Kurian would take "extended time off" in early September, and said later that month that he wouldn't return.

Mr. Kurian's focus on building Oracle's cloud business, as well as working with its large, corporate customers, should help Google, said Stifel Nicolaus & Co. analyst Brad Reback. The company has been slow to develop the sales and support organization that big corporate customers require.

"He understands the challenge," Mr. Reback said of Mr. Kurian.

Google's hiring of Mr. Kurian could suggest the company will consider making a bid for Red Hat Inc., the software-and-services company that International Business Machines agreed to acquire last month for $33 billion, Mr. Reback said. Red Hat would provide Google with the sales and support muscle, as well as credibility with corporate tech buyers, that it lacks, Mr. Reback said.

"Either you're playing to win or you're not," Mr. Reback said.

Write to Douglas MacMillan at [e-mail] and Jay Greene at [e-mail]

[littleredrooster] 21/9/2018 11:13

Cloud Video Streaming Market Worth USD 16.6 Bn by 2023 at 18.9% CAGR | Cloud Video Streaming Market Advancing Swiftly Due To Scalability and Cost Effectiveness

The global cloud video streaming market is set to witness rapid growth due to high adoption of live streaming and widespread use of cloud video streaming to deliver over the top content (OTT).

September 18, 2018 07:06 ET | Source: Market Research Future

Pune, India, Sept. 18, 2018 (GLOBE NEWSWIRE) -- Market Research Future’s in-depth analysis of the Global Cloud Video Streaming Market, By Components (By Streaming Cloud Content), By Streaming Type (Live Streaming, Video on Demand, Video Hosting), By Cloud Deployment (Private Cloud, Hybrid Cloud), By Vertical (Media & Entertainment, Education, Government) - Forecast 2023

Market Insights

Cloud video streaming is a rapidly advancing market which is anticipated to witness a CAGR of 18.9% during the forecast period of 2017 to 2023. This projection, among others, has been made in Market Research Future's latest report on the global cloud video streaming market. The market is becoming increasingly competitive due to the cloud platform being easy to embrace for enterprises of all sizes, particularly SMEs. The growth of the market is anticipated to result in a market value of approximately USD 16.6 Bn by the end of 2023.

The introduction and widespread adoption of over the top content (OTT) has created considerable opportunity for the global cloud video streaming market. The popularity of on-demand videos and streamed content is based on the delivery of this content in real-time. Increasing network speeds across the globe and consumer demand for higher speeds in the age of technology and the internet are highly conducive to the growth of the cloud video streaming market. Consumption patterns have changed drastically due to urbanization and increasingly busy schedules which have turned consumers toward live streaming as it offers the ability to stream content at any given time. Expansion of the market has been the result of novel applications being employed for the technology. Sports, news, TV shows and many other forms of entertainment are easily viewable. Moreover, it has also found application in the education industry by allowing live streaming of lessons for remote learning. The proliferation of personal smart devices which carry the capability to stream live content is another key factor affecting the global cloud video streaming market. Cloud video streaming offers competitive costing and scalable growth which allows small businesses to participate in the market.

The increasingly competitive market carries a high potential for growth, as applications for cloud video streaming are consistently being developed. Opportunities for growth will arise as OTT content providers prepare to offer increased original content and tap into consumer consumptions trends.

Request a Sample Report @

Market Segmentation

MRFR's segmental analysis is performed on the basis of components, streaming type, service, deployment, vertical and region. By components, the market is divided into media players and service. The media player segment consists of JW Players, iOS media player and adobe flash players & Adobe AIR. The service segment is sub-segmented to include managed services and professional services.

By streaming type, the market is segmented into video on demand streaming, live streaming, and video hosting. By cloud deployment, the market is categorized into hybrid cloud, private cloud, and public cloud. By vertical, the market includes healthcare, government, media & entertainment, education, and others.

Regional segmentation of the market divides the market into North America, Europe, Asia Pacific and the Rest of the World.

Concentration of Market Players Establishes North America as Top Regional Market

North America has a high concentration of market-leading players who lead growth for the global and regional market, thus catapulting the region into top position with the largest share. The U.S leads the market due to high adoption of cloud-based services in the region across small and medium enterprises. Moreover, largescale investments towards outsourcing of video streaming solutions are driving growth for the global Cloud Video Streaming Market. Europe has a similar growth pattern which has contributed considerably to the market size of the region. The growing number of content providers leveraging cloud video streaming as a method to deliver high-quality OTT content is a significant driver of the market. Additionally, these regions have high internet speeds which drive the consumption of live streaming and other OTT content services.

Meanwhile, the Asia Pacific is expected to grow at a rapid pace due to the high potential available in the region. The presence of a massive consumer population which is witnessing dramatic changes due to urbanization and changing lifestyles is highly conducive to the adoption of cloud video streaming solutions. The presence of a significant IT sector and the fact that several international players are moving to establish themselves in the region due to the recognized potential is expected to encourage market growth.

Key Players

Encoding.Com, Adobe Systems Incorporated, Microsoft Azure, Amazon Web Services, Akamai Technologies Inc., Forbidden Technologies, Haivision Hyperstream, Sorenson Media, and A-frame are some of the leading market players participating in the global cloud video streaming market. MRFR has profiled and recorded the market strategies employed by these players and their role in expanding the market. Product innovation, expansion of capabilities, acquisitions, and mergers are among the most employed market strategies with the highest impact.

Browse Complete Report @

About Us

GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

[littleredrooster] 20/9/2018 10:52

Bitcoin will emerge as a viable store of value alongside gold

Not my opinion but nevertheless an interesting point of view.



September 18, 2018 21:19

US Market Crash Expected as Household Income Explodes, Will Millennials Flock to Bitcoin?

For the first time in history, US household wealth has surged above the $100 trillion mark, fueled by the rise in the value of stocks and properties. However, analysts say the unsustainable growth in household wealth could cause a crash, which may lead millennials to flock to Bitcoin.

In September, US household wealth reached $100 trillion, and ostensibly it seems like a positive development for US markets. But, in comparison to the stagnation in actual US household income, it is quite evident that the rapid growth rate of US household wealth cannot be sustained in the long-term.

Speaking to Business Insider, AJ Bell investment director Russ Mould stated:

“Household net worth cannot sustainably grow this much faster than incomes. Assets have been bid up and at some stage there has to be chance that they correct, just as happened in 2000 and 2007.”

Bubble-Like Behavior

According to Mould, the US stock market experiencing one of the strongest bull markets in history and the real estate market continuing to increase in value led to an abrupt increase in household wealth. However, if household wealth cannot be backed by stable income, then the market will be vulnerable to a major correction.

“The difference is likely to be accounted for by the surge in the value of financial and other assets — equities, bonds, property and rankly everything from vintage cars to art to wine to baseball cards. And this is one warning that at some stage another collapse in financial markets will sweep around the globe,” Mould added.

Nouriel Roubini, a widely recognized economist and professor at Stern School, also recently called for a financial crisis in the US market by 2020, explaining that the market has been demonstrating bubble-like behaviors over the past year.

With the discrepancy between US household wealth and income growing exponentially and global debt rising to $250 trillion, Mould emphasized that the US market is due for a correction, whether that will lead to a minor correction or a financial crisis as Roubini predicted remains uncertain.

Viability of Bitcoin as an Investment

Bitcoin, like gold, is often considered as a store of value with no correlation to the broader financial market. It moves independently of traditional assets and commodities, which allows Bitcoin to operate as a reliable store of value in times of uncertainty and market volatility.

While there exists no correlation between Bitcoin and the broader financial market, Matt Hougan, vice president of research and development at Bitwise Asset Management, told Bloomberg in an interview that the decline of the global market does not guarantee a bull market for crypto.

“Non-correlation is not the same as inverse correlation so there’s no guarantee that when the market goes down crypto will go up. Over the long term, we think the fundamental drivers of crypto are different from the fundamental driver of equities and other assets, and we would expect the low correlation to persist,” Hougan said.

Still, considering the increasing demand for Bitcoin from millennials, with surveys finding that over one third of millennials are planning to invest in cryptocurrency within the next few years and 80 percent of American millennials already aware of Bitcoin, it is highly likely that if a financial crisis occurs in the near future as experts predict, Bitcoin will emerge as a viable store of value alongside gold.

[littleredrooster] 04/9/2018 22:58

Amazon strikes $1 trillion market cap, 4 weeks after Apple did the same

TechCrunch - 7 hours ago

Amazon just joined the exclusive $1 trillion club (briefly).

The e-commerce behemoth jumped above a trillion dollar market cap on Tuesday during intraday trading. Its share price hit an all-time high of $2,050.27 earlier this morning bringing its value above the massive, yet meaningless, milestone. The share price is bouncing around and is currently sitting a few million below the number but the share price will inevitably rest above the number soon enough.

Amazon, founded in 1994 with the lofty ambitions of taking on Borders and Barnes and Noble, has completely rewritten the rules of retail in the past couple decades as it has aggressively moved to build a massive logistics engine to power all sorts of e-commerce needs for a consumer base emboldened by the shift to mobile.

This news is all the more notable because it follows Apple’s ascent to the same milestone just a few weeks ago.

The two tech behemoths may have been able to find the same value to shareholders, but while Apple has relied on its ever-evolving consumer hardware business and line of services to support its devices, Amazon has locked onto the country’s capitalistic infrastructure both in moving atoms as it ships billions of items worldwide and bits with its AWS platform.

While Apple’s market cap growth over the past year has been near a staggering 40 percent, Amazon has been even more of a value rocket ship. As of Tuesday, its market cap represented nearly 110 percent year-over-year growth.

Founder and CEO Jeff Bezos is currently estimated to be worth around $166 billion, which is about $70 billion north of Bill Gates’s worth in the #2 wealth position, so he’s doing alright I guess.

[littleredrooster] 31/8/2018 13:06

Yesterday he was worth £126 billion



Amazon shares break through $2,000 for first time, closing gap between internet retailer and trillion-dollar tech rival Apple

By City & Finance Reporter for the Daily Mail

Published: 22:18, 30 August 2018

Amazon shares have broken through $2,000 for the first time, closing the gap between the internet retailer and trillion-dollar tech rival Apple.

It added £260m to the fortune of boss Jeff Bezos (pictured below with his wife MacKenzie) in a single day.



Last night Amazon was worth £726bn, following a near-70 per cent surge in its shares this year.

Brian Nowak, an analyst at Morgan Stanley bank, said: ‘We have increasing confidence that Amazon’s rapidly growing, increasingly large, high-margin revenue streams will drive higher profitability and continued upward estimate revisions.’

Former Tesco chief executive Sir Terry Leahy said Amazon will overtake Apple to become the world’s largest public company because it has ‘reinvented shopping’.

Bezos, 54, owns 16 per cent of Amazon. He overtook Microsoft’s Bill Gates last year as the world’s wealthiest man, and become the richest person in modern history in July as his fortune hit £115 billion. Yesterday he was worth £126 billion.

[littleredrooster] 22/8/2018 16:04

S&P 500 hits all-time high ahead of bull market record

US stock market hits new all-time high and is set to record the longest bull market in its history today.

by Daniel Grote on Aug 22, 2018 at 11:11

The S&P 500 is marching towards the longest bull market in its history in style, notching up an all-time high ahead of another record tumbling today.

The US blue-chip index touched 2,873 points, a new record, during yesterday's trading, although it closed below that level.

That all but guarantees the index will today break the record for the longest-ever bull market in its history.

Provided the S&P 500 doesn't suffer a 564-point, or 19.7%, fall today, the US bull market run which began in the aftermath of the financial crisis will be 3,453 days old.

That will break the previous record, set at the end of the last century, when the S&P 500's bull market lasted from October 1990 until the bursting of the tech bubble in 2000.

'If someone had said in March 2009 that we were setting out on the longest bull market investors have ever seen, they would have been laughed out of court,' said Tom Stevenson, investment director at Fidelity International.

'In the aftermath of the financial crisis triggered by the collapse of Lehman Brothers 10 years ago next month, investor sentiment was at its lowest ebb.'

The marking of the milestone will lead some investors to question whether this record-breaking bull market could be drawing to a close.

But Stevenson said the 'euphoria' that typically accompanies the final stages of a bull market was 'notoriously absent'.

'This most unloved of all bull markets has left sentiment relatively subdued,' he said.

'With earnings having been boosted by tax cuts, valuations are high but not excessively so.'

Laith Khalaf, senior analyst at Hargreaves Lansdown, agreed, although he added that the valuation of US stocks, which are more expensive than shares on the UK stock market, 'does give some pause for thought'.

He cited the widely used Shiller price earnings ratio, which charts the current price of the market compared to its inflation-adjusted earnings over the last 10 years.

'In the US, the market valuation has only been at this level in 1929 and in the late 1990s, shortly before the Wall Street crash and the tech bust respectively.'

The long bull run in the US isn't matched by the UK stock market, as the FTSE 100 fell into a bear market, defined as a loss of 20% from its peak, in early 2016.

[littleredrooster] 15/8/2018 11:11

Why video gaming is set to become a major industry - and how to invest in the firms that could cash in

•Paris 2024 Olympic organisers said to be 'in deep talks' about including esports
•In less than two years, esports could have more viewers than any other sporting tournament except NFL
•Waiting in the wings are patient young technology companies

By Lucy White City Correspondent For The Daily Mail

Published: 09:38, 11 August 2018 | Updated: 10:37, 13 August 2018

"Having video game leagues in the Olympics may seem like heresy to sports fans.

But with the Paris 2024 Olympic organisers said to be 'in deep talks' about including esports in the world's oldest sporting tournament, it could soon be a reality.

Esports is essentially competitive video game playing. Watching millennials play Fifa or shooting games against each other may sound tedious, but it's big business.

Tens of thousands of fans at big stadiums watch their favourite players or teams use their consoles to battle against each other in a digital world.

Waiting in the wings are patient young technology companies ready to serve the gamers' and viewers' needs, hoping to cash in on what could be a multi-billion-pound industry.

Investors who put their money in the right place could do well.

Technology consulting firm Activate thinks that by 2020, 70m people will watch an esports final, more than the number watching the American professional baseball, soccer, and hockey finals."

"The big break is likely to come in the 2022 Asian Games, where players will be on a mainstream stage for the first time. After that, esports' rise could be meteoric."

[littleredrooster] 04/8/2018 20:00

hopes to put humans on Mars



Engineer boldly goes where no man has been before: Cobham hired to make parts for Nasa's Orion mission

By City & Finance Reporter for the Daily Mail

Published: 21:50, 3 August 2018

Cobham is making parts for Nasa’s Orion mission which plans to help humans boldly go where they have never gone before.

The Dorset-based space and satellite manufacturer has been hired by Lockheed Martin for its deep space project which even hopes to put humans on Mars.

Cobham will supply parts such as oxygen service valves to help astronauts breathe and pyrotechnic valves to help with pressure inside the spacecraft.

Boss David Lockwood said he could not disclose the value of the contracts but said: ‘Every Nasa astronaut who has ever flown has breathed through Cobham equipment.

If as we expect there is growth in manned space flight, it secures our position for the whole next generation,’ he said.

‘It’s an unsung part of Cobham all the stuff we do in breathing and life support systems – and from space down to fast jets and so on.

‘We are going to make more of it later in the year.’

[littleredrooster] 26/7/2018 11:08

Forbidden

1h

Check out this @televisualmedia blog on how remote editing cuts costs & increases efficiency for live broadcast production



The Televisual Genre Report - Live and Event TV

Tim Dams

25 June 2018

"The BBC is now weighing up the viability of remotely producing the Tokyo Olympics in 2020."

[littleredrooster] 10/7/2018 16:23

$761 million has been stolen from digital currency exchanges so far this year



Bitcoin price warning: BTC will drop to ‘$100' after being 'regulated into oblivion'

BITCOIN could be “worth just $100 in 10 years” says Nobel Prize-winning economist Joseph Stiglitz who claims digital currencies will be “regulated into oblivion” in a future clampdown on money laundering.

By David Dawkins
PUBLISHED: 12:23, Mon, Jul 9, 2018

Joseph Stiglitz, the former chief economist of the World Bank has warned the crypto community central banks have not yet clamped-down on bitcoin and other leading coins because the market is still relatively small.

The Columbia University professor told Financial News that once crypto “becomes significant” they will “use the hammer”.

He said: “People in power will move to regulate anonymous transactions. That you can be sure of.

“Bitcoin could easily be worth just $100 in 10 years.”

Professor Stiglitz says that the main problem with bitcoin and other decentralised cryptocurrencies comes from the conflict between the near anonymity for users and the necessary transparency needed for a banking system.

He said: “You cannot have a means of payment that is based on secrecy when you’re trying to create a transparent banking system.

"If you open up a hole like bitcoin then all the nefarious activity will go through that hole, and no government can allow that.”

On the need for regulation, industry onlookers are in agreement that changes are needed and new rules would help bring in the next wave of investment from big bank and institutional investors.

However more shocking losses are expected to surface, leaving risk-adverse money markets unsure over what’s often dubbed a ‘wild west’ for investors

According to new data from cybersecurity firm CipherTrace, $761 million has been stolen from digital currency exchanges so far this year compared to $266 million for the whole of 2017.

Yet in the UK, trust in the exciting new technology appears to be on the up with recent discussion in the UK being described as a “model example” for how regulation should be fashioned.

Last week MPs heard from a Treasury select committee on the potential for fraud, money laundering, hacking, crypto-jacking and phishing in the crypto space.

The meeting has been viewed by industry onlookers as a positive step, and Kevin Murcko, CEO of cryptocurrency exchange CoinMetro argued that the Treasury hearing "set the right tone for the future of crypto-assets in the UK – one that reconciles the risks and benefits of the asset."

During the hearing Director Donald Toon, Prosperity Command at the National Crime Agency, told MPs that the use of crypto-assets in money laundering was minimal, and that it paled in size to other laundering strategies. While Martin Etheridge, Head of Note Operations at the Bank of England, argued that crypto didn’t pose a threat to financial stability.

(Today 1 Bitcoin = 6,384 United States Dollar)

[littleredrooster] 29/6/2018 16:03

Brexit Killing London as Financial Hub? Not Just Yet

A feared flood of bankers out of the U.K. has turned out to be a trickle

By Max Colchester and Patricia Kowsmann

June 29, 2018 9:07 a.m. ET

"Brexit was meant to be a crippling blow to London’s position as the financial capital of Europe. With eight months to go before the U.K. is set to leave the European Union, the British capital’s role remains mostly undiminished, and no single other European city is close to claiming its crown.

One key measure: what was expected to be a flood of bankers out of London to continental Europe has turned out to be a trickle."

[littleredrooster] 27/6/2018 14:13

Tencent is hunting for takeover targets in Britain

Seems somewhat ironic that my holding in Tencent is now being used to invest in the UK.

[littleredrooster] 27/6/2018 00:58

The UK is in the top of our basket of considerations



China's biggest technology company sets sights on pioneering UK rivals as it plots global expansion

By Matt Oliver For The Daily Mail

Published: 21:51, 24 June 2018

China's biggest technology company has set its sights on pioneering UK rivals as it plots a global expansion.

Tencent is hunting for takeover targets in Britain because of the country’s talented entrepreneurs and impressive investment record, according to senior figures.

And one of its top executives pointed to the billions of pounds of investment that had flowed in since the Brexit vote. However its interest in UK firms is likely to prompt concern from security experts.

China has made bolstering its high-tech industries a national priority, with its moves to snap up foreign rivals causing unease in the West.

Sir Gerald Howarth, a former Tory defence minister, said: ‘Ministers need to identify those industries that it would be prudent to watch closely so that, if companies are going to be sold, they can look at what threat it might pose to Britain’s national interest – and particularly security.’

Since the referendum in 2016, £5 billion has been ploughed into UK tech firms by venture capital funds – more than double any other European country.

Tencent has already invested in British artificial intelligence start-up Medopad, partnered with Babylon Health and taken a minority stake in London-listed video games maker Frontier Development.

Though largely unknown to most Western consumers, Tencent is China’s second most-valuable company.

Most of its income comes from the lucrative video games business, where it distributes many Western hits such as Fortnite in the country.

But it also owns Wechat, the hugely-popular Chinese messaging app – that also allows people to pay for shopping, hail taxis, play games and find restaurants. The app has 1 billion active users, more than 70 per cent of China’s population.

Tencent employs some 45,000 staff and has built an entertainment empire as well. Its Tencent Music business is more popular than Apple and Spotify’s rival services in China, while it has helped to finance Hollywood blockbusters such as Wonder Woman and Kong: Skull Island.

In the UK it helped jointly finance nature documentary Blue Planet 2 – watched by 220 million people worldwide – with the BBC.

Seng Yee Lau, a senior executive vice president at Tencent, said: ‘The UK is in the top of our basket of considerations in our global merger acquisition market.’

[littleredrooster] 25/6/2018 19:38

Caoimhe Toman WebFG News

25 Jun, 2018 11:54

Trump clamps down on Chinese investment in US tech firms

The US Treasury is drafting regulations that would block Chinese companies from buying US tech firms and stop US companies transferring important tech to China.

Initial regulations would look to stop organisations with at least 25% Chinese ownership from investing in American companies that involve “industrially significant technology”.

Following his Friday threat to impose tariffs on imported cars from Europe, the latest move in the mushrooming US-Chinese trade war, President Donald Trump said on Sunday that the government would limit Chinese access to US tech and will block additional technology exports to Beijing, the Wall Street Journal reported.

The National Security Council and the Commerce Department are planing "enhanced" export controls to avoid shipments of technology to China.

According to the WSJ, the White House's new plans would only affect new deals and not existing ones, but US-China joint ventures would not be able to make additional investments on certain US tech.

These initiatives are sure to slow and possibly prevent China from reaching its goal to become a global leader in 10 broad areas of technology by 2025.

Commerce Secretary Wilbur Ross told the newspaper: “The President has made clear his desire to protect American technology. All possibilities that would better protect American technology, including potential changes to export controls, are under review.”

These plans come after China and the EU decided to hit back at US tariffs against the states that elected Trump as president, just ahead of the US midterm elections.

It’s likely that the US will be hit hard if it continues to ramp up the tariffs. One Chinese state media outlet cited research by the Rhodium Group pointing to a 92% drop in Chinese investment in the US to $1.8bn in 2018, its lowest level in seven years.

Prior to the announcement from Washington, the People's Bank of China had cut the capital reserve requirements for domestic Chinese banks to the lowest level since 2010, as Beijing hopes to free up funding as the trade war looks set to slow down economic growth.