US Big Step To Stop China’s Growing Economic Influence

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In the US, the Anti-China Bill was passed by 68 votes against 32. Senate Majority Leader Chuck Schumer considers it a major political victory, who made it a top priority.

The US Senate has passed a rare bipartisan bill to deal with China’s growing economic influence, under which billions of dollars will be invested in the field of science and technology. The Anti-China Bill was passed by 68 votes against 32 on Tuesday. Senate Majority Leader Chuck Schumer considers it a major political victory, who had made it a top priority.

Meanwhile, China firmly denied the law, saying it was an attempt to halt its development and interfere in its internal affairs. The U.S. Innovation and Competition Act calls for more than $100 billion in taxpayers’ money to be invested in strengthening U.S. leadership in scientific and technological innovation to strengthen national security and economic competitiveness.

This bill is a turning point for American leadership in the 21st century

“The passage of what is now known as the U.S. Innovation and Competition Act is a time when the Senate has laid the groundwork for a new century of American leadership,” Schumer told the Bedroom. I repeat that this bill marks a turning point for American leadership in the 21st century.

Allegations against the Communist Party of China

Regarding the bill, which aims to control China’s economic influence, Senator Chuck Grassley said the ruling Communist Party in China has made every effort to fulfil its desire for economic supremacy, good or bad. The bill is extremely important for competition. Meanwhile, China on Wednesday condemned the US law, saying it targets an indirect attack on China’s domestic policy and slows its development.

China expressed strong objection

China’s foreign affairs commission issued a statement expressing “strong objections and strong opposition to the US Innovation and Competition Act”. The so-called threat from China has been exaggerated to disrupt China’s domestic policies and deprive China of its legitimate right to development.

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