Snippets of news from around the globe
CHINA reacted angrily today to the US Senate’s Innovation and Competition Act, which passed with bipartisan support on Tuesday.
The sweeping legislation, dubbed the “China Competitiveness Act” in the US, involves massive state investment in research and technology, as well as regulations to mandate use of US suppliers in infrastructure projects. These are combined with long blacklists of Chinese companies and products.
The centrepiece is a $50 billion (£35.4bn) investment in semiconductor manufacturing, a sector currently dominated by China.
JENNY CLEGG reports from a Chinese peace conference bringing together defence ministers, US think tanks and global South leaders, where speakers warned that the erosion of multilateralism risks regional hotspots exploding into wider war
