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THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

Politics

Politics

US Senate panel removes China’s “developing” status

U.S. and Chinese flags are seen in this illustration taken, January 30, 2023. REUTERS/Dado Ruvic/Illustration
U.S. and Chinese flags are seen in this illustration taken, January 30, 2023. REUTERS/Dado Ruvic/Ill... U.S. and Chinese flags are seen in this illustration taken, January 30, 2023. REUTERS/Dado Ruvic/Illustration
U.S. and Chinese flags are seen in this illustration taken, January 30, 2023. REUTERS/Dado Ruvic/Illustration
U.S. and Chinese flags are seen in this illustration taken, January 30, 2023. REUTERS/Dado Ruvic/Ill... U.S. and Chinese flags are seen in this illustration taken, January 30, 2023. REUTERS/Dado Ruvic/Illustration

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As the U.S. competes with China, a Senate committee passed legislation on Thursday to remove its “developing nation” status from some international organizations.

“Ending China’s Developing Nation Status Act” passed the Senate Foreign Relations Committee unanimously. The law requires the Secretary of State to change China’s classification as a developing nation in international organizations.

Status can provide some groups or treaties unique benefits, measure supporters claim.

The committee’s approval allows the Senate to review the legislation, but no date was given.

A similar bill passed the House 415-0 in March.

The perpetually divided U.S. Congress has filed scores of laws to compete with China’s communist leadership.

The Foreign Relations panel also adopted the “Taiwan Protection and National Resilience Act,” which would require government agencies to report on U.S. options for responding to a Chinese invasion of Taiwan.

China has increased military, political, and economic pressure to claim democratically controlled Taiwan.

Taiwan rejects China’s sovereignty claims and says only its people may decide their future.


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