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As the full report notes, the US Chamber has been critical of the PRC’s actions under its (unintentionally ironically-named) Anti-Monopoly Law since at least 2014. And over the years has also called out PRC industrial policy depradations in other realms--IP protection, market access, transparency, rule of law. Politely, of course. The US Chamber can say things (especially about China) that its members will not, for atrribution, say, largely for fear of retribution. The US Chamber has generally not pulled its punches when calling out legal and regulatory moves--by any national authority, US, PRC, EU or otherwise--that damage the interests of its Big Business (and not just Big Tech) members. In this case, the US Chamber’s focus is on the US maintaining an R&D and competitive edge in technologies of the future, especially quantum computing and communications, AI, advanced telecoms, semiconductors/computing, and robotics. Proposed US legislation "would supplement and perfect this intensifying effort by China – as well as ongoing efforts of the EU – to weaken American firms so that their own indigenous companies have more space in the marketplace to grow and thrive.” I interpret this report and its topline message as: “US Congress, do not do to US companies what PRC (and to a lesser extent, EU) regulators are doing to disadvantage us in their markets. Help us compete on the basis of our system as it is--which includes enforcerment of existing anti-trust laws--and not on statist foreign-government terms."

Feb 18, 2022
at
4:53 PM