The US plans a massive spending plan to counter China. According to the Senate, China is America’s greatest geopolitical and geo-economic challenge and passed the United States Innovation and Competition Act 2021 to spend more than $250 billion to ensure that the US stays on top in terms of technological research and production.

The Bill is a rare point of agreement between Republicans and Democrats. In a vote, 68 of the 100-member Senate supported the measure, with 32 against. The Senate is evenly divided between Republicans and Democrats, and experts say the vote shows how the two political parties are united on the need to counter Beijing’s economic and military ambitions. Supporters say the package is one of the largest industrial bills in US history and the biggest investment in scientific research that the country has seen in decades.