China blowback looms for Schumer’s Innovation and Competition Act

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After months of discord and delay, the House will soon be moving ahead on Senate Majority Leader Chuck Schumer’s China-targeted $250 billion U.S. Innovation and Competition Act, bolstered by a bipartisan consensus that the U.S. government needs to act decisively to better compete with China.

But Beijing isn’t taking this lying down: Its officials have warned that reprisals are coming, should

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