Beijing says it rejects pending U.S. legislation to counter China

Beijing says it rejects pending U.S. legislation to counter China - Copyright (c) Copyright Thomson Reuters 2021. Click For Restrictions - https://agency.reuters.com/en/copyright.html

By Reuters

Published on 26/05/2021 - 11:15•Updated 20/04/2024 - 13:06

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BEIJING (Reuters) - China's foreign ministry spokesman Zhao Lijian said on Wednesday it rejected a pending U.S. bill to counter China, and that Beijing would safeguard its own interests.

U.S. Senate Democratic Leader Chuck Schumer unveiled revised bipartisan legislation last week to approve $52 billion to significantly boost U.S. semiconductor chip production and research over five years to better compete with China.