Monday, May 17, 2021
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U.S. draft Strategic Competition Act looking to allocate over $1 billion to counter China

CGTN, 22 Apr 2021
For more:
https://news.cgtn.com/news/2021-04-22/U-S-draft-bill-looking-to-allocate-over-1-billion-to-counter-China--ZFpEsQltcc/index.html

American lawmakers are intensifying their efforts to counter China. A Senate committee has overwhelmingly passed the draft Strategic Competition Act, which takes aims at China on multiple fronts. The act calls for over $1 billion to increase Washington's global influence. This includes over $650 million to fund foreign militaries in the Indo-Pacific region, some $450 million for the Indo-Pacific Maritime Security Initiative, and another $300 million to counter Chinese influence around the world. Funding also covers investments to expand American exports to developing markets, a program to counter China's Belt and Road Initiative and help American companies leave the Chinese market.

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