NEWS  /  Brief news

US House Clears a Package of Bills to Counter China

Sep. 15, 2024  22:02

Asianfin--This week, the U.S. House passed a comprehensive package of bills aimed at countering China's influence, reflecting a largely bipartisan effort to ensure that the U.S. maintains its competitive edge in the rivalry between the global superpowers.

The measures include banning drones made in China, restricting China-linked biotech companies from entering the U.S. market, enhancing sanctions, and strengthening alliances with Asian countries. The focus on challenging Beijing’s power highlights how limiting China's influence has become a rare point of political agreement.

However, some parts of the package were divided along party lines. Republicans emphasized the need to safeguard national security across various sectors, including education and agriculture. In contrast, Democrats expressed concerns about potential discrimination. Additionally, the advocacy group Asian and Pacific Islander American Vote cautioned against "overly broad anti-China rhetoric."

Please sign in and then enter your comment

Asia Pacific

  • NIKKEI 225
    39605.80 ( + 224.91  + 0.57%  )
  • HSI
    21251.98 ( + 614.74  + 2.98%  )
  • CSI 300
    3887.17 (  -110.62   -2.77%  )

Americas

  • DJIA
    42454.12 (  -57.88   -0.14%  )
  • S&P 500
    5780.05 (  -11.99   -0.21%  )
  • NASDAQ
    18282.05 (  -9.57   -0.05%  )

Europe, Middle East & Africa

  • EUSTX50
    4969.23 (  -1.11   -0.02%  )
  • FTSE 100
    8226.66 (  -11.07   -0.13%  )
  • Der Dax
    19217.11 ( + 6.21  + 0.03%  )