U.S. bill aimed at countering China aggression clears committee stage
04/22/2021 01:36 AM
CNA file photo
Washington, April 21 (CNA) A draft bill that seeks to boost the United States capability to counter China s aggression on the international stage, including its belligerence against Taiwan, cleared the U.S. Senate Foreign Relations Committee on Wednesday (U.S. time).
Titled the Strategic Competition Act of 2021, the draft bill was passed by an overwhelming vote of 21 to 1. It calls for the U.S. to reassert its leadership within international organizations and other multilateral arenas and to bolster its diplomacy strategy to address the challenges posed by the Chinese government.
US Senate must not miss this chance
By Raymond Burghardt and Shelley Rigger
US President Joe Biden’s decision to send a high-level unofficial delegation comprised of former US senator Chris Dodd and former US deputy secretaries of state Richard Armitage and James Steinberg to Taipei last week sends an unmistakable signal of White House interest in reassuring Taiwan, while emphasizing US commitments to the nation and the wider Indo-Pacific region.
In Taipei for only three days, the delegation met with the senior Taiwanese leadership, including President Tsai Ing-wen (蔡英文), Minister of Foreign Affairs Joseph Wu (吳釗燮), Premier Su Tseng-chang (蘇貞昌) and legislators.
4/12/2021 2:53:34 PM GMT
Credit and money growth slowed further in March.As the chart to the right illustrates credit growth is now negative when measured on 6-month change. M1 growth has also continued to decline to underpin the picture of policy tightening (see chart one next page). We believe the tightening mostly reflects lower infrastructure growth. The residential construction sector is still underpinned by strong home sales, though (chart 2). However, tighter policies should cool down home sales and the construction sector in H2. PMI data for March were a bit mixed but we put the most weight on NBS PMI manufacturing, which suggests the manufacturing sector saw some relief in March. Looking ahead,we expect it to fall again due to the policy tightening.
The Straits Times
Details of sweeping effort to counter China emerge in US Senate Bill
The 280-page Bill addresses economic competition with China, but also humanitarian and democratic values, such as imposing sanctions over the treatment of the minority Muslim Uighurs and supporting democracy in Hong Kong.PHOTO: REUTERS
Published7 hours ago
https://str.sg/JCFx
They can read the article in full after signing up for a free account.
Share link:
Or share via:
Sign up or log in to read this article in full
Sign up
All done! This article is now fully available for you
Read now