House passes bill to counter China's influence with manufacturing and research investment
CNN
The House of Representatives voted Friday to make sweeping investments in American manufacturing and scientific research as well as changes to trade policy in an effort to make the US more competitive on the global stage and counter China's growing economic influence.
Congressional Democrats are searching for a win as key elements of President Joe Biden's domestic agenda remain stalled, most prominently sweeping legislation to expand the social safety net known as the Build Back Better Act.
Passage of the China competition bill will give the party an opportunity to tout a legislative victory and demonstrate responsiveness to major economic concerns, like supply chain disruptions, in the spotlight amid the pandemic. And it gives Democrats a chance to argue their assertiveness against a major superpower whose economic influence is on the rise at a key moment with China hosting the Olympic Games in Beijing.
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