Bill aimed At Stopping Chinese Investments in US Introduced to Senate by Rubio

US lawmaker proposes legislation to counter ‘Made in China 2025’ and Beijing’s ‘blatant industrial espionage and coercion’ –

Republican Senator Marco Rubio proposed legislation that would restrict and tax Chinese investment in the US to counter Beijing’s “Made in China 2025” (MIC2025) industrial modernisation programme, which includes direct subsidies for domestic companies developing advanced semiconductors.

Many Republican and Democratic lawmakers say the programme threatens US companies in the tech sector.

Meanwhile, an influential group of former top policy makers and China hands delivered a report urging a “course correction” for the bilateral relationship as part of a tour throughout Washington to warn the Trump administration and senior lawmakers about the need to confront Beijing.

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