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Tech War: US intensifies pressure on China with proposed new policy US-China
Image: Pixabay

Tech War: US intensifies pressure on China with proposed new policy

India Blooms News Service | @indiablooms | 13 Apr 2021, 05:50 pm

Beijing:  The US Senate’s new legislation, the Strategic Competition Act of 2021, lays out a wide-ranging strategy for the first time to contain China's attempt to expand globally, media reports said.

“The legislation will have a profound effect on every Chinese technology firm,” Cameron Johnson, an adjunct faculty instructor at New York University and a partner at Shanghai-based Tidal Wave Solutions told The South China Morning Post. 

“This includes in terms of developing new technologies, global investment strategies, selling into US-allied countries, receiving support from the Chinese government, and how the country’s technology market interacts and influences global governance and standards-setting," Cameron Johnson said.

The fresh development occurred amid deteriorating relationship between the US and China over numerous issues in recent times.