Stock

The US Senate votes to open a debate on China's tech regulation

© Reuters. FILE PHOTO: Chinese and US flags flutter in front of a company building in Shanghai, China, April 14, 2021. REUTERS / Aly Song / File Photo

WASHINGTON (Reuters) – The U.S. Senate voted between 86 and 11 Monday to open a debate on a measure that would raise more than $ 110 billion in fundamentals and US $ 110 billion over five years amid increasing competitive pressures from China High technology research will be granted.

The Endless Frontier Act would approve most of the money, $ 100 billion, to invest in basic and advanced research, commercialization of research, and education and training programs in key technology areas.

Senate Democratic chairman Chuck Schumer said the Senate would discuss the bill for a week or two starting Tuesday, calling it a "one-time investment in American science and technology."

Disclaimer: Fusion Media would like to remind you that the information contained on this website is not necessarily real-time or accurate. All CFDs (stocks, indices, futures) and forex prices are not provided by exchanges, but by market makers. As a result, prices may not be accurate and may differ from the actual market price. This means that the prices are indicative and not suitable for trading purposes. Therefore, Fusion Media is not responsible for any trading losses you may incur as a result of using this data.

Fusion Media or any person involved with Fusion Media assumes no liability for any loss or damage caused by reliance on the information contained on this website, such as data, offers, charts and buy / sell signals. Please inform yourself comprehensively about the risks and costs associated with trading in the financial markets. This is one of the riskiest forms of investment possible.

Related Articles