America is currently facing a competitive threat from China and in the broadest offensive push till date the Senate is all set to pass a wide-ranging industrial policy Bill to address the Military and Commercial competition with Beijing the industrial bill which is expected to be passed by a large margin is a reflection of the bipartisan support when it comes to countering China both the Republicans and Democrats have come together to ensure support to the private Industries and helping the country entry other technology Google and Manufacturing Edge over China or tougher stance on China is in the wake of increasing competition and concerns for National Security this bill will increase American Investment and Research into development in artificial intelligence and funding for the production of semiconductors in fact last week Joe Biden expanded the list of Chinese companies that have been banned from us investment these measures are aimed at restricting China's
to advance technology and Global power the bill that is said to be positive is roughly around fifty four billion dollars in worth and the majority of subsidies are mostly semiconductor related policy makers will also try to find the right policies to push back against China over human rights concerns and technology related issues at the same time it aims to not damage the lucrative businesses of u.s. owners in China hundreds of others Amendments have been added to the package with proposals ranging from trying to secure u.s. research and Innovation at academic centers from foreign intervention Provisions to compete with China's belt and our initiative globally it also calls for a diplomatic boycott of the winter 2022 Olympics in Beijing all these offering Clues regarding where the US policy on China could be headed and could have ramifications down the road for a host Industries
