China’s Developing Nation Status; A U.S. Senate committee on Thursday backed legislation that would deprive China of its designation as a “developing nation” at several international organisations, as Americans prioritise competing with the Asian superpower.
- Farmers of tobacco point out price discrepancies despite a growing global market
- Kurram must stop bleeding
As Americans prioritize competing with the Asian powerhouse, a U.S. Senate committee on Thursday backed legislation that would strip China’s Developing Nation Status at many international organisations. According to Reuters, the illustration dated January 30, 2023, captured the American and Chinese flags, which can be seen through shattered glass.
Read This Also: Best Crypto Wallets: Providing Unparalleled Security for Your Digital Assets
The position may provide unique privileges in particular organizations or treaties, according to the bill’s proponents, the paper states.
Although there was no indication of when that might happen immediately following the committee’s approval, the entire Senate can now review the proposal.
Read This Also: The Ashes 2023: A “summer of love” between England and Australia
When the two nations’ trade war started in 2017, the geopolitical competition and antagonism between them grew. Another important problem has been the conflict between China and Taiwan.
The Foreign Relations panel also approved the “Taiwan Protection and National Resilience Act,” which provides the American administration alternatives for responding to a potential Chinese invasion of Taiwan.
Also Read this:
China, according to Reuters, regards Taiwan as its territory and has increased military, political, and economic pressure to support this claim. The democratic governance governs Taiwan.
Read This Also: In Peshawar’s Hayatabad, a 10-year-old boy allegedly shoots his father
Taiwan staunchly disputes China’s claims to the island’s sovereignty and insists that only its citizens have the power to choose its destiny.