US-China tech war: Washington intensifies pressure on Beijing in proposed new policy of ‘strategic competition’

Apr 9, 2021 | INVESTING

The US Senate’s new legislation, the Strategic Competition Act of 2021, lays out a wide-ranging strategy for the first time to contain China’s global expansion, providing a significant milestone as the relationship between the two economic and hi-tech superpowers deteriorate.“The legislation will have a profound effect on every Chinese technology firm,” said Cameron Johnson, an adjunct faculty instructor at New York University and a partner at Shanghai-based Tidal Wave Solutions. “This includes…

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