US senators launch renewed push to thwart China

WASHINGTON, D.C.: US senators announced a major cross-party effort Wednesday to combat China's growing global influence by limiting the flow of investment and state-of-the-art technology to the Asian giant while deterring any potential threat to Taiwan.

The push comes after President Joe Biden signed a package last year aimed at boosting competition with Washington's main economic rival, with $52 billion in new subsidies for microchip manufacturing and scientific research.