U.S. Senate votes to pass bill to help compete with China | Wall Street Journal Automotive Industry News

The Chinese National People’s Congress “resolutely opposed” the bill, saying it shows that the United States has “paranoia.”

The U.S. Senate voted 68 to 32 to pass a package of legislation aimed at improving the technological competitiveness of the United States and China.

The measure was passed on Tuesday, authorizing approximately US$190 billion to strengthen U.S. technology and research, and to approve spending of US$54 billion to increase the production and research of semiconductor and telecommunications equipment in the United States, of which US$2 billion is dedicated to automobile manufacturing. The chip used by the manufacturer. There was a severe shortage and a substantial reduction in production.

The desire to take a hard line when dealing with China is one of the few bipartisan sentiments in the severely divided U.S. Congress, which is reluctantly controlled by President Joe Biden’s Democratic colleagues.

The Chinese National People’s Congress expressed “strong indignation and firm opposition” to the bill. It stated in a statement that the US bill exhibited “the paranoid delusion of being the only winner” and distorted the original spirit of innovation and competition.

The bill must pass the House of Representatives before it can be sent to the White House for Biden to sign into law. It is not yet clear what the legislative council of the House of Representatives looks like, nor is it clear when it will pass. House leaders have not publicly pledged to take action on the Senate bill, nor have they formulated an action plan outside of the House Science Committee’s consideration of its own National Science Foundation reform plan.

China-related clauses

The bill has many other regulations related to China, including prohibiting downloading of the social media application TikTok to government equipment and will prevent the purchase of drones manufactured and sold by companies backed by the Chinese government. It also allows Taiwanese diplomats and troops to display their flags and wear their uniforms when performing official duties in the United States.

It will also impose extensive new mandatory sanctions on Chinese entities involved in cyber attacks against the United States or steal intellectual property from American companies, and provide for review of export controls that can be used to support human rights violations.

Senate Majority Leader Chuck Schumer, the co-sponsor of the measure, warned that failure to fund research to keep up with China will have dire consequences.

“If we do nothing, our days as the dominant superpower may be over. We don’t want those days to end on our watches. We don’t want to see the United States become a middle-level country in this century,” Schumer Say.

Biden praised the bill: “We are vying to win the 21st century, and the starting gun has sounded… We cannot risk falling behind.”

New investment

U.S. Secretary of Commerce Gina Raimondo (Gina Raimondo) said that this funding may result in the construction of 7 to 10 new semiconductor factories in the United States. Many American companies appreciate the bill. General Motors stated that the legislation “is an important step in addressing the semiconductor shortage that continues to affect the U.S. automobile manufacturing industry.”

Some critics liken the Senate’s funding efforts to China’s high-tech industry development plan, called “Made in China 2025”, which has long angered the United States.

Following the “America First” agenda of former Republican President Donald Trump, the bill also seeks to counter Beijing’s growing global influence through diplomacy, cooperation with allies, and increased US involvement in international organizations.

Senator Maria Cantwell pointed out that the bill would authorize NASA to spend and its Artemis mission to the moon.

“As China clearly stated, they are going to Mars and we are going back to the moon to prepare for the trip to Mars,” Cantwell said.

Source link

Recommended For You

About the Author: Agnes Zang