(MENAFN- Khaama Press) Legislation to strip China of its status as a 'developing nation' at some international organizations was passed by a U.S. Senate committee on Thursday, as members of the U.S. focus on competing with the Asian power.
A U.S. Senate committee on Thursday passed legislation that would deprive China of its designation as a“developing nation” at several international organizations, as Americans prioritize competing with the Asian superpower. Reuters reported that the American and Chinese flags could be seen in this illustration from January 30, 2023, taken through broken glass pieces.
According to the bill's supporters, the status may grant special rights in some organizations or treaties, according to the report.
The full Senate can now examine the legislation, although there was no indication of when that would happen immediately after the committee's approval.
The geopolitical contest and rivalry between the U.S. and China increased in 2017 when the trade war began between the two countries. Meanwhile, the contest between China and Taiwan has been another significant issue.
Furthermore, the Foreign Relations panel has approved the“Taiwan Protection and National Resilience Act,” which would give the options to the U.S. government to respond to a possible Chines invasion of Taiwan.
According to Reuters, China considers democratically run Taiwan its territory and has stepped up military, diplomatic, and economic pressure to bolster these claims.
Taiwan vehemently rejects China's claims to sovereignty and maintains that only the island's residents can decide its future.
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