Relations between China and the United States continue to deteriorate, as the two countries clash over issues including Taiwan, trade, human rights, and even the origins of COVID-19.
US senators on Wednesday announced a plan to counter China’s growing influence in the world, aimed at limiting investment and technology transfers to the Asian giant and deterring any aggression against Taiwan.
Senate Democratic Majority Leader Chuck Schumer said, “The Chinese government sets no limits in its quest to dominate the 21st century, and if we Americans rest on our laurels and let the Chinese Communist Party defeat us, it will have dire consequences for the democracies of the world.” the world”.
Along with eleven other officials, Schumer explained during a press conference a five-point plan to deal with Chinese competition.
The Democrat said elected officials would look into export restrictions and sanctions that limit Beijing’s ability to access – and even “steal” – US innovations in artificial intelligence and other high-tech areas.
He added that the goal is to allow the Treasury and Commerce ministries to conduct a review and stop the flow of money towards Chinese high-tech industries.
Elected officials also intend to support small US businesses and enhance the assessment of the national security implications of foreign investment in the United States.
Relations between China and the United States continue to deteriorate, as the two countries confront each other in areas of trade, human rights, and even the origin of COVID-19.
The plan will also include proposals to deter Chinese aggression against Taiwan, which China considers part of its territory and is one of the world’s largest manufacturers of electronic chips.
Schumer said the initiative would be based on proposals from bipartisan members of the Senate Foreign Affairs Committee, without elaborating.
Last year, this committee approved 4.5 billion dollars to defend Taiwan over four years. In the coming months, elected officials will work with their Republican counterparts to craft the legislation needed to achieve these goals.
“In short, time is not on our side. The Xi (Jinping) regime is working every day to catch up and overtake the United States,” Schumer said.