Within the midst of escalating pressure between Washington and Beijing, U.S. Senate Majority Chief Chuck Schumer travelled to China on Saturday within the firm of a congressional delegation from each events Picture Courtesy Reuters
Within the midst of escalating pressure between Washington and Beijing, U.S. Senate Majority Chief Chuck Schumer travelled to China on Saturday within the firm of a congressional delegation from each events.
U.S. officers said that the journey’s goal is to advance the nation’s financial and nationwide safety goals. Whereas in China, the group hopes to satisfy Chinese language President Xi Jinping.
Schumer and Democratic committee leaders introduced in Might that they might draught laws to limit the move of know-how to China, stop it from beginning a battle with Taiwan, and tighten rules to dam U.S. capital from leaving the nation after passing a broad invoice final yr to extend competitors with China in semiconductors and different applied sciences.
Within the midst of escalating pressure between Washington and Beijing, U.S. Senate Majority Chief Chuck Schumer travelled to China on Saturday within the firm of a congressional delegation from each events.
U.S. officers said that the journey’s goal is to advance the nation’s financial and nationwide safety goals. Whereas in China, the group hopes to satisfy Chinese language President Xi Jinping.
Schumer and Democratic committee leaders introduced in Might that they might draught laws to limit the move of know-how to China, stop it from beginning a battle with Taiwan, and tighten rules to dam U.S. capital from leaving the nation after passing a broad invoice final yr to extend competitors with China in semiconductors and different applied sciences.
The Biden administration has restricted chip exports to China, claiming that that is finished to forestall Beijing from getting access to cutting-edge know-how that would speed up army developments or human rights violations. In response, China levelled prices of financial coercion.
In August, Raimondo claimed that American companies had complained to her that China had change into “uninvestable,” citing fines, raids, and different actions that made doing enterprise there dangerous.
“For U.S. business in many cases, patience is running thin, and it’s time for action,” she mentioned.
(With company inputs)