China has denounced a US Senate bill worth about $250bn (£175n) that aims to boost American technology and manufacturing prowess as an example of the US hyping up “the so-called China threat”, and accused Washington of attempting to hinder its development.

The Senate on Tuesday overwhelmingly approved the Innovation and Competition Act, in a rare show of unity in a chamber often filled with political division between Democrats and Republicans.

The expansive legislation, passed by 68-32 votes, combines various China-related measures into what analysts have called the biggest piece of US industrial policy legislation in decades.

In a scathing statement on Wednesday, the foreign affairs committee of China’s ceremonial legislature, the National People’s Congress, expressed its “strong dissatisfaction and resolute opposition”.

It said: “This bill seeks to exaggerate and spread the so-called China threat to maintain global…

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