News Snapshot:
Fri, Jul 03, 2020 page10 US expansion in China threatens tech lead, report says Reuters, WASHINGTON A “vast expansion†in US multinational business activity in China since 2000 might threaten US industrial competitiveness and long-term tech leadership, a report released on Wednesday by a congressional US-China advisory commission showed. The US-China Economic and Security Review Commission warned that rapid moves by US companies away from manufacturing in China and into higher-value activities such as research and development could be “unwittingly enabling China to achieve its industrial policy objectives.†The commission said its analysis of nearly two decades of US economic...
