WASHINGTON/BEIJING: The US Senate has passed a rare bipartisan bill that will invest billions of dollars in science and technology to tackle China's growing economic influence. 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, the dragon has flared up due to this tough and serious step of America. China has strongly objected to this bill, saying that it is an attempt to stop its development and interfere in its internal affairs.
The US Innovation and Competition Act calls for more than $100 billion of taxpayer money to be invested in strengthening national security and reinforcing US leadership in science and new technology for economic competitiveness. Schumer said in the House that the completion of this American innovation and competition law is like laying the groundwork for another century of American leadership. This bill is a turning point for American leadership in the 21st century. In trying to fulfill his wish, no stone has been left unturned and the Bill is of utmost importance to counter it.
Meanwhile, China on Wednesday slammed the US bill, saying it focused on an indirect attack on China's domestic politics and stalling its development. China's Foreign Affairs Committee issued a statement expressing "strong objection and strong opposition" to this bill. The so-called threat from China has been exaggerated so as to interfere in China's domestic politics and deprive China of its legitimate right to development.
Chinese Foreign Ministry spokesman Wang Wenbin said in his daily press conference that the bill has been presented in a distorted way, which is an attempt to hinder China's development path and interfere in its domestic and foreign policy. Wang said, "It is America's own matter how to develop and strengthen its competitiveness." But we strongly oppose the US making China an issue and treating it as an imaginary enemy.
The US bill also mentions China regarding Kovid-19, where the first case of the epidemic was reported in the city of Wuhan. The US has been putting China in the dock over the origin of the corona virus, but China has been denying allegations of any connection between the epidemic and the Wuhan Institute of Virology. The bill has passed in the US Senate and will also need to be passed in the House of Representatives before being sent to President Joe Biden for approval. The administration led by former US President Donald Trump was very strict about China and the new President Biden has also not allowed any laxity in America's stand towards China.