Senate Majority Leader Chuck Schumer said, “The Chinese government sets no limits in its quest to dominate the 21st century. If we Americans rest on our laurels and let the Chinese Communist Party defeat us, it will have disastrous consequences for the democracies of the world. “.
Along with eleven other officials, Schumer explained at a press conference a five-point plan to face competition from China.
The Democrat said lawmakers will discuss export restrictions and sanctions that limit Beijing’s ability to access American innovations in artificial intelligence and other high-tech areas.
He added that the aim is to allow the Treasury and Commerce Ministries to conduct a review and stop the flow of money to China’s high-tech industries.
The senators also plan to support small American businesses and strengthen the assessment of the national security implications of foreign investment in the United States.
Relations between China and the United States continue to deteriorate, as the two countries clash over trade, high technology, human rights and even the origin of COVID-19 .
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