U.S Senate Passes Bill To Counter Chinese Economic Influence

U.S Republicans Block Voting Rights Bill
U.S Republicans Block Voting Rights Bill
United States Senate has passed a bill to counter Chinese economic influence.

Gatekeepers News reports that U.S Senate passed rare bipartisan legislation that will ensure the investment of about $200 billion in American technology, science and research,  a move geared towards improving the country’s economic competition with China.

The anti-China bill which was passed on Tuesday with 68-32 votes, is considered a major victory for Senate Majority Leader Chuck Schumer who had made it a top priority. Independent Sen. Bernie Sanders of Vermont was the only member of the Democratic caucus to vote against the bill. Nineteen Senate Republicans joined Democrats voting for passage.

The US Innovation and Competition Act aims to confront China’s influence on multiple fronts and “will supercharge American innovation and preserve our competitive edge for generations to come,” Schumer said.

U.S Senate Passes Bill To Counter Chinese Economic Influence

Gatekeepers News gathered bill will also strengthen the security of essential supply chains, and the U.S ability to solve supply-chain disruptions during crises. It will also increase funding for National Science Foundation activities.

The bill is however subjected to President Joe Biden’s approval.

In its reaction on Wednesday, China said the legislation is full of ideological prejudice and driven by a Cold-War mentality, smears and slanders China’s development path.

The Foreign Affairs Committee of the National People’s Congress (NPC) said the bill interfered in China’s internal affairs and attempted to contain its development under the banner of “innovation and competition.”

It stated that the bill attempts to maintain the US global hegemony by fanning the so-called China threat, to interfere in China’s internal affairs on the pretext of human rights and religion, and to take away China’s legitimate right to development by means of “decoupling” in the scientific, technological and economic areas.