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White House asks U.S. agencies to detail all China-related funding
Source: Reuters
BUSINESS NEWS SEPTEMBER 4, 2020 / 6:02 AM / UPDATED 2 HOURS AGO
Exclusive: White House asks U.S. agencies to detail all China-related funding
David Shepardson
5 MIN READ
WASHINGTON (Reuters) - The White House has asked U.S. government agencies for extensive details of any funding that seeks to counter China’s global influence and business practices, or supports Beijing, amid growing tensions between Washington and Beijing.
According to an Aug. 27 White House Office of Management and Budget (OMB) document seen by Reuters, the OMB directed U.S. agencies to submit “cross-cutting data on federal funding that aids or supports China, or that directly or indirectly counters China’s unfair competition and malign activities and influence globally.”
China denies it engages in unfair competitive practices.
The document, titled “Strategic Competition with China Crosscut,” does not say how the information will be used other than that it will “inform policymakers” of the myriad ways U.S. government spending involves China.
The United States and China have grown antagonistic toward each other with disagreements that stretch from a two-year-old trade war, to the Trump administration blaming Beijing for a lack of transparency about the spread of COVID-19.
-snip-
Exclusive: White House asks U.S. agencies to detail all China-related funding
David Shepardson
5 MIN READ
WASHINGTON (Reuters) - The White House has asked U.S. government agencies for extensive details of any funding that seeks to counter China’s global influence and business practices, or supports Beijing, amid growing tensions between Washington and Beijing.
According to an Aug. 27 White House Office of Management and Budget (OMB) document seen by Reuters, the OMB directed U.S. agencies to submit “cross-cutting data on federal funding that aids or supports China, or that directly or indirectly counters China’s unfair competition and malign activities and influence globally.”
China denies it engages in unfair competitive practices.
The document, titled “Strategic Competition with China Crosscut,” does not say how the information will be used other than that it will “inform policymakers” of the myriad ways U.S. government spending involves China.
The United States and China have grown antagonistic toward each other with disagreements that stretch from a two-year-old trade war, to the Trump administration blaming Beijing for a lack of transparency about the spread of COVID-19.
-snip-
Read more: https://www.reuters.com/article/us-usa-china-budget-exclusive/exclusive-white-house-asks-u-s-agencies-to-detail-all-china-related-funding-idUSKBN25V1DO
2 replies
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