WASHINGTON (Reuters) -U.S. lawmakers expect to boost the country’s ability to push back against China if a Senate panel approves sweeping legislation on Wednesday as expected, even as they voiced a need to do far more to counter Beijing.
FILE PHOTO: Chinese and U.S. flags flutter outside the building of an American company in Beijing, China January 21, 2021.
“This is a challenge of unprecedented scope, scale and urgency, and one that demands a policy and strategy that is genuinely competitive,” Menendez said.
[L1N2M113C]The bill is part of a fast-track effort announced in February by Democratic Senate Majority Leader Chuck Schumer to pass a wide range of legislation to counter China.
A separate bill calling for $100 billion in government spending over five years on basic and advanced technology research and science in the face of competition from China, was introduced on Wednesday.
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