[Epoch Times November 17, 2021](Epoch Times reporter Gao Shan compiled a report) US Indiana Republican Senator Todd Young (Todd Young) said that Chinese President Xi Jinping is “fearful” of his large-scale investment in American technology. The new bill was introduced and explained as the reason why Beijing is actively lobbying against the passage of the bill in the United States.
According to a report by “Foxnews”, Senator Todd Young attacked Xi Jinping at a press conference on Monday (November 15) for being “fear” of his new bill and interpreted it as a “recently reported” by the media. The reason behind the CCP forcing American business leaders to oppose the news of the “United States Innovation and Competition Act.”
The report also stated that the CCP warned the American business community that if Yang’s bill is not prevented from being passed, their company’s market share in China will be threatened.
Todd Young said at a press conference: “Xi Jinping does not want this bill to become law. He is afraid—he has reason to be afraid of it—when the “American Innovation and Competition Act” becomes law, the United States will again Stride forward.”
He also said: “Because the Chinese Communist Party knows that when we invest in the creativity of the United States, no country in the world can be more innovative than the United States.”
According to Reuters, the CCP has been pressing American business leaders to oppose the passage of China-related bills.
Prior to this, Yang’s bill had been passed in the Senate in June with a 68-32 advantage.
According to reports, Yang’s bill-also known as the “Endless Frontier Act”-will “in the next five years, through the National Science Foundation, invest 29 billion yuan in emerging technologies such as artificial intelligence and quantum computing. Dollar.”
In addition, the bill “includes the provision of key funds for the “Chip Act” (CHIPS Act) to solve the deteriorating semiconductor shortage.”
Before Biden and Xi Jinping held a virtual summit on Monday night, Yang issued a statement to Fox News, criticizing the “too much cooperation and insufficient competition” between the Biden administration and the Chinese Communist Party.
Yang said: “From President Biden’s indifference to (U.S.) defense spending when testing hypersonic missiles in China (the CCP), to using precious diplomatic energy to pursue U.S. workers and consumers at the expense of them. In the context of conniving the CCP’s provocations, the Biden administration has given the Democratic Party’s aspirations the upper hand.”
Yang continued: “Tonight is President Biden’s opportunity to reverse the situation. In their conversation, I hope that the President can clearly defend Taiwan and question Beijing’s pursuit of dictatorship goals in the region and globally.”
Yang also stated in his press release that the CCP’s interference in the bill will only further promote the passage of the bill.
Yang wrote in the letter: “There is nothing in the American Innovation and Competition Act that is unfavorable to the United States-it will only be unfavorable to the Chinese Communist Party.” “The passage of this bipartisan bill will create high-paying jobs for Americans and strengthen us. The country’s military and technical capabilities and ensure that the narrow sphere of influence of the Chinese Communist Party will not continue to grow uncontrollably.”
US President Biden held a summit with Xi on Monday evening. Biden said at the summit that he will not “back down.”
The CCP’s interference in U.S. politics highlights that this communist country is trying to influence the formulation of U.S. policies and occupy a leading position in the global market.
Editor in charge: Ye Ziwei#
.