Senator Mark Warner says China's technological rise has been fueled by US tech companies that "prostituted themselves" to gain access to the Chinese market. "A lot of Americans don't understand what's happening in China and how good their tech companies have become," Warner, the top Democrat on the Senate Intelligence Committee, told CNNMoney." Apple, (AAPL) Amazon, (AMZN) Microsoft (MSFT)and other big tech companies have all stored users' encryption keys in China in exchange for access to the Chinese market. China's biggest tech companies have reason to be worriedWarner said he is "concerned" the government is not moving fast enough to keep up with the pace of technological change. The worst thing in the world would be to knee-cap innovation in American tech companies and open the field to the exact Chinese equivalents."

Source: CNN April 28, 2018 18:56 UTC