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International relations

Biden says US must 'own the future' in rivalry with China

President warns North Korea over escalations, but remains open to diplomacy

NEW YORK -- U.S. President Joe Biden reiterated his call for more investment in America's tech sector on Thursday as he spelled out his approach to dealing with the emerging challenges from China during his first formal news conference since inauguration.

"The future lies [with] who can own the future, as it relates to technology, quantum computing, a whole range of things, including the medical fields," said Biden. "China is out investing us by a long shot because their plan is to own that future."

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