Getting tough on China is one of the few things lawmakers in Washington can agree on these days. That’s led to a surge of legislation coming before Congress: Since January 2021, almost 200 bills containing China-related content have been introduced, according to an analysis by The Wire, almost double the number of bills related to Russia.
Not all bills are created equal, of course. The $350 billion America Competes Act, which passed the House earlier this month, contains numerous provisions aimed at boosting American competitiveness in high-tech sectors and a host of measures targeting U.S. outbound investment and immigration, many targeted directly or indirectly at China.The Senate version is known as the U.S. Innovation and Competition Act. Representatives of both chambers must now meet to reconcile the two. Most other bills are more limited in scope, and few advance to a full vote in either chamber.
Still, the sheer volume of legislation being proposed reflects the ext
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When Ken Wilcox, a former CEO of Silicon Valley Bank, moved to Shanghai in 2011, he was optimistic and eager to start up the bank's new joint venture in China. A decade later, however, he is extremely cynical about U.S. business interests in China. While analysts will, rightly, be debating SVB's missteps in the U.S. for the foreseeable future, Wilcox insists the bank's challenges in China should not be overlooked.
The former secretary of state talks about how the Trump administration changed U.S.-China relations; why he accused Beijing of genocide in Xinjiang; and why U.S. politicians should visit Taiwan.
