US-China tech war: Washington intensifies pressure on Beijing in proposed new policy of 'strategic competition' | South China Morning Post

The US Senate's new legislation, the Strategic Competition Act of 2021 , lays out a wide-ranging strategy for the first time to contain China's global expansion, providing a significant milestone as the relationship between the two economic and hi-tech superpowers deteriorate. "The legislation will have a profound effect on every Chinese technology firm," said Cameron Johnson, an adjunct faculty instructor at New York University and a partner at Shanghai-based Tidal Wave Solutions. "This includes in terms of developing new technologies, global investment strategies, selling into US-allied countries, receiving support from the Chinese government, and how the country's technology market interacts…