China strongly opposes US bill addressing Beijing’s tech threat – Xinhua
|China’s parliament expresses strong indignation and resolute opposition to the US bill addressing technology threat from Beijing, per Xinhua News Agency.
Additional points
National People's Congress (NPC) said the bill displayed a Cold War mentality.
Smears China's domestic and foreign policies and interfering in its internal affairs.
China’s response comes after “the US Senate voted 68-32 on Tuesday to approve a sweeping package of legislation intended to boost the country's ability to compete with Chinese technology,” Reuters reports.
Market implications
In the run-up to the critical US inflation data, nothing seems to affect the market mood even as the US-Sino tensions escalate.
AUD/USD holds steady below 0.7750 while the S&P 500 futures remain on the back foot around 4,220.
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