BEIJING (Reuters) – China’s foreign ministry spokesman Zhao Lijian said on Wednesday it rejected a pending U.S. bill to counter China, and that Beijing would safeguard its own interests.
U.S. Senate Democratic Leader Chuck Schumer unveiled revised bipartisan legislation last week to approve $52 billion to significantly boost U.S. semiconductor chip production and research over five years to better compete with China.
(Reporting by Gabirel Crossley; Editing by Andrew Heavens)
