The new legislative draft aims to let the US government understand US foreign investment better.According to the content of the proposal, any investment that falls into the new regulations must be notified to the US government that the US government can prevent investment or take measures to reduce risks through existing agencies.
(Washington Composite Electric) The two -party member of the United States Congress reached a consensus on a proposal to fully give the US government's new power to prevent billions of dollars in the United States from flowing into mainland China.
The U.S. Congress is promoting a competitive bill for China to allocate nearly $ 52 billion (about S $ 72 billion) to support the US semiconductor industry to expand its business in the United States; the latest proposal is part of this competitive bill.
Democratic Senator Casey and Republican Senator Konin, as well as Democratic Representative Drasso and Paskrell, Republican Republican Macquette, and Fitz PatrickSbas issued a joint statement on Monday, "Published todayThe improvement proposal was supported by the two parties and the two hospitals, and the problems of the industry's attention were solved, including the scope of the expected activities, the industry covered, and preventing repeated authorization. "
This measure for foreign investment was originally proposed by Konon and Casey as an independent bill, and was later added to the large -scale bill of the House of Representatives to fight against China's rise.
The initial proposal was opposed because people were worried that it might reduce its overseas investment.
Some chip manufacturers are therefore opposed to incorporating the extensive chip bills that are finalized by the two hospitals.
Democratic Senator Warner said that the "time is passing" to reach a broader chip bill, and said that there are "many discussions" focusing on a bill that only focuses on subsidized chip manufacturers, which may lead to helping the United StatesIn terms of science, business and technology, the terms and other measures with Chinese competition are cut.
The new legislative draft aims to let the US government understand US foreign investment better.According to the content of the proposal, any investment that falls into the new regulations must be notified to the US government that the US government can prevent investment or take measures to reduce risks through existing agencies.If the official does not take any action, the investment can be advanced.
Draft also said that a new investment committee will cooperate with allies to coordinate and share information.
Compared with the original version, this draft legislation will receive less investment; critics are worried that it will harm the competitiveness of the United States.The National Committee of the US -China Trade believes that "if the government implements such management measures unilaterally, it will only damage the flexibility and toughness of American companies."
However, the concept behind this measure was supported by the Biden government.US President Biden's national security adviser Sha Liven said last July that the government is carrying out new investment review and discussing foreign investment matters to seek better positioning the position of the United States in technology competition.
A study by the New York Research Company Rong Ding Consulting shows that according to the extensive category stipulated in the initial proposal, 43%of the US direct investment transactions in China in the past 20 years need to be reviewed.
The Wall Street Journal reported earlier that American companies and branches in China are increasing investment in Chinese semiconductor companies to help the Chinese government strive for the leading position of the chip industry, which has increased the difficulty of the United States in maintaining this key technology field.
Limited to China -US economic and trade cooperation in China: will miss the development opportunities
It is reported that from 2017 to 2020, American venture capital companies, chip industry giants, and other private investors participated in 59 investment transactions involving the Chinese semiconductor industry, which is more than doubled than the number of previous four years.And American chip manufacturer Intel is providing support for Chinese companies specializing in chip design tools.
In response to the restrictions on the two -party members of the United States, Wang Wenbin, a spokesman for the Chinese Ministry of Foreign Affairs, said at a press conference yesterday that investing in China is investment in the future.The United States politicians are constantly limited to the normal economic and trade cooperation between China and the United States, which can not prevent China's development. It will only let themselves draw in prison and miss development opportunities.
He said that China has always opposed the concept of the US generalized national security, continuously strengthened unreasonable investment review, and created difficulties and obstacles to the normal economic and trade investment cooperation between enterprises including Chinese and American enterprises, which seriously damaged the international economic and trade order and the order of international economic and trade.Trade rules seriously threaten the global industrial chain supply chain stable.