LankaWeb – China s High Speed Rail Profit-Driven New Cold War Against China lankaweb.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lankaweb.com Daily Mail and Mail on Sunday newspapers.
CHINA reacted angrily today to the US Senate’s Innovation and Competition Act, which passed with bipartisan support on Tuesday.
The sweeping legislation, dubbed the “China Competitiveness Act” in the US, involves massive state investment in research and technology, as well as regulations to mandate use of US suppliers in infrastructure projects. These are combined with long blacklists of Chinese companies and products.
The centrepiece is a $50 billion (£35.4bn) investment in semiconductor manufacturing, a sector currently dominated by China.
There are also big funding increases for the US National Science Foundation and university research sectors to develop artificial intelligence, robotics and biotechnology.
Biden Budget Aims Squarely at Modernizing Government Tech morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.