US Senate greenlights huge innovation bill to counter China

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AFP

Washington (AFP) – The US Senate passed a sweeping industrial policy bill Tuesday aimed at countering a surging economic threat from rival China, overcoming partisan divisions to support pumping more than $170 billion into research and development. With both American political parties increasingly worried about competition from Asia’s largest power, the measure cleared the chamber on a 68-32 vote, one of the most significant bipartisan achievements in Congress since Joe Biden’s presidency began in January. It also represents the largest investment in scientific research and technological innov…

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