A congressional advisory panel is urging tighter screening of investment by Chinese state-owned companies in the United States, saying they present unfair competition to American firms.

CHINA has accelerated computer espionage attacks on the US government, defence contractors and American businesses, a US congressional advisory panel said yesterday.

A top US defence official today called China’s test of a satellite-killing weapon a display of an “obviously destabilising capability” that underlined the need for better communication to defuse possible conflict between the two powers.

US lawmakers called for legislative action today to address a huge trade imbalance with China, reflecting what they described as a growing impatience among US citizens with Beijing’s economic policies.