US-China tech war: Beijing calls the America Competes Act a product of Cold War mentality

Source: China – South China Morning PostFollowing the passage of a US bill that stands to intensify a technology rivalry with China by trying to boost American competitiveness, state media and officials across the Pacific criticised the document as evidence of Washington’s “Cold War mentality”.The America Competes Act of 2022, a 3,000-page bill passed by the House of Representatives on Friday, earmarks US$52 billion in funding for semiconductors, US$45 billion to strengthen supply chains of critical goods, and US$160 billion for…Read More

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