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US-China tensions

U.S. lawmakers agree on China investment curbs

Measure part of bill that would also grant chipmakers $52bn to expand operations

The outbound investment measure was originally proposed as a standalone bill by Republican Sen. John Cornyn and Democratic Sen. Bob Casey.    © Reuters

WASHINGTON (Reuters) -- A bipartisan group of lawmakers said on Monday they have agreed on legislation that would give the U.S. government sweeping new powers to block billions in U.S. investment into China.

The measure is part of a bill that would also grant $52 billion to chipmakers to expand operations, a boon to the industry.

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