Antitrust enforcement can help the U.S. stay ahead of China, Khan says

Lina Khan, commissioner of the Federal Trade Commission (FTC) nominee for U.S. President Joe Biden, speaks during a Senate Commerce, Science and Transportation Committee confirmation hearing in Washington, D.C., U.S., on Wednesday, April 21, 2021. Antitrust enforcement, rather than the absence of it, can better position the U.S. to stay ahead of China in the race to build cutting-edge technologies, Federal Trade Commission Chair Lina Khan said on CNBC’s “Squawk Box” Wednesday. The tech industry often points to the threat of China catching up to U.S. technologies as an argument against more aggressive enforcement against them. For example, after the…