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US firms’ move into China over 20 years threatens ability to lead: report

The United States’ ability to be an industrial competitor and long-term tech leader might be eroded by the expansion of its multinational firms into China over the past two decades, a US congressional committee said.Amid rising tension between the two powers as they move towards economic decoupling, the US-China Economic and Security Review Commission said in a research report released on Wednesday that Congress should consider measures to preserve the US ability to innovate.The report analysed…

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