US Senate advances bill to fund tech development to counter China

The United States Senate on Monday advanced a bill that would provide billions of dollars in government funding for technology research as part of a broader legislative effort to counter China. The chamber voted 84-11 to move ahead with the Endless Frontier Act, introduced by Senate Democratic leader Chuck Schumer, which seeks up to US$100 billion over five years for basic and advanced tech research and another US$10 billion to create new technology hubs across the country. The move clears the way for the Senate to vote on the bill's passage. If passed, the bill would also start a new…