Stephen Bartholomeusz Senior business columnist May 31, 2021
A sprawling $US250 billion ($324 billion) -plus suite of legislation aimed squarely at enhancing America’s ability to compete with China, along with a grab bag of other anti-China measures, is winding its way through the US Congress.
The bill, which started life as a $US100 billion, 150-page proposal labelled the “Endless Frontier Act” has grown to more than 2000 pages and been re-labelled the “United States Innovation and Competition Act” as at least six different proposals targeting China have been combined in negotiations in the US Senate.
The bill would represent a quite dramatic escalation of US efforts to improve its competitiveness against China.Credit:AP
The senators keep adding new sections targeting everything from crackdowns on international technology transfers to advocating a diplomatic boycott of the 2022 Beijing Winter Olympics.
....more @...... https://www.watoday.com.au/business...-plan-to-frustrate-china-20210531-p57wo0.html
A sprawling $US250 billion ($324 billion) -plus suite of legislation aimed squarely at enhancing America’s ability to compete with China, along with a grab bag of other anti-China measures, is winding its way through the US Congress.
The bill, which started life as a $US100 billion, 150-page proposal labelled the “Endless Frontier Act” has grown to more than 2000 pages and been re-labelled the “United States Innovation and Competition Act” as at least six different proposals targeting China have been combined in negotiations in the US Senate.
The bill would represent a quite dramatic escalation of US efforts to improve its competitiveness against China.Credit:AP
The senators keep adding new sections targeting everything from crackdowns on international technology transfers to advocating a diplomatic boycott of the 2022 Beijing Winter Olympics.
....more @...... https://www.watoday.com.au/business...-plan-to-frustrate-china-20210531-p57wo0.html
