⭐ Start off 2025 with a powerful boost to your portfolio: January’s freshest AI-picked stocksUnlock stocks

U.S. Senate Democrats offer $350 million own China plan

Published 09/17/2020, 08:16 AM
Updated 09/17/2020, 05:05 PM
© Reuters. FILE PHOTO: Chinese and U.S. flags flutter near the Bund in Shanghai

By Patricia Zengerle

WASHINGTON (Reuters) - U.S. Senate Democrats announced their own program to counter China's global influence on Thursday, unveiling a sweeping $350 million package of legislation seeking to boost U.S. competitiveness and recast diplomacy with Beijing.

The plan was backed by 11 Democrats, including Senate Democratic Leader Chuck Schumer, but its prospects were unclear because President Donald Trump's fellow Republicans control the Senate and determine which legislation it considers.

However, Senator Jim Risch, chairman of the Senate Foreign Relations Committee, said he hoped the Democrats' ideas could be combined with Republican proposals for a bipartisan plan.

"This is an American issue. This is not a partisan issue," Risch told a committee hearing at which State Department officials testified about China's global influence, with one calling Beijing a "lawless bully."

Senator Bob Menendez, the committee's ranking Democrat and a leader of the Democratic effort, said he looked forward to working with Republicans "to forge a strong, unified and bipartisan approach" on the matter.

Relations with China have become an issue in campaigning for the Nov 3. elections, with Trump running for re-election and control of Congress up for grabs. Trump and his fellow Republicans have sought to portray Democrats as weak on China, which Democrats dispute.

The "America LEADS Act of 2020" would, among other things, provide new resources to the U.S. education system, and renew U.S. diplomacy with China by strengthening the U.S. commitment to international allies and international organizations like the World Health Organization.

It also would strengthen trade enforcement measures and restore an emphasis on human rights, related to issues such as protests in Hong Kong and the treatment of Uighurs in Xinjiang.

© Reuters. FILE PHOTO: Chinese and U.S. flags flutter near the Bund in Shanghai

Relations between China and the United States have nosedived in recent months, with disagreements over Taiwan, Hong Kong, trade, human rights and the coronavirus pandemic.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.