Top legislature strongly opposes US Bill

Beijing: The National People’s Congress, China’s top legislature, expressed strong indignation and resolute opposition to a US Bill on innovation and competition, saying it tried to curb development of China.

The US Senate approved the huge Bill to counter China’s tech development.

The senate on Tuesday voted 68-32 to pass a sweeping package of legislation intended to boost the country’s ability to compete with Chinese technology.

The bipartisan measure, titled the “United States Innovation and Competition Act of 2021 (USICA)”, authorises about US$190bil (RM782.3bil) for provisions to strengthen US technology and research – and would separately approve spending about US$50bil (RM205.8bil) to increase US production and research into semiconductors and telecommunications equipment.

“This legislation will enable the United States to out-innovate, out-produce and out-compete the world in the industries of the future, ” said Senate Majority Leader Chuck Schumer.

US President Joe Biden later said in a White House statement that he applauded the move and looked forward to signing it into law as soon as possible.

“We are in a competition to win the 21st century, and the starting gun has gone off. As other countries continue to invest in their own research and development, we cannot risk falling behind.

“America must maintain its position as the most innovative and productive nation on Earth, ” according to the statement.

China’s Foreign Ministry has repeatedly voiced opposition against negative US Bills that aim to counter China on multiple fronts.

“The legislation disregards facts, hypes up the so-called ‘China threat’ and ‘malign influence’, calls for all-out strategic competition with China, and even lobbies for a decoupling and confrontation between China and the US, ” a ministry spokesperson said on May 28 after the US advanced USICA to a Senate vote.

“China’s objective is never about overtaking, replacing or out-competing the US, but about constant self-improvement to become a better version of China and enable the Chinese people to lead better lives, ” Zhao Lijian said.

“I’d like to reiterate that China is committed to forging a relationship with the US featuring no conflict, no confrontation, mutual respect and win-win cooperation.” — China Daily/ANN

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