U.S.-China ‘innovation spending race’ could present opportunity for Canada, expert says

    Chinese President Xi Jinping and then-vice president Joe Biden in Maryland in September 2015. AP Photo/Carolyn Kaster, File

    The U.S. Senate approved a sweeping US$250-billion bill Tuesday afternoon that aims to help the country compete against China’s growing science and technology prowess. The Innovation and Competition Act passed 68-32 with bipartisan support, though it still faces a vote at the House of Representatives. Here’s what you need to know about the bill, and how it could affect Canada: 

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