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China plans $500M subsea internet cable to rival US-backed project

Por: Fox Business Tech April 06, 2023

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Rep. John James, R-Mich., details legislation that seeks to declassify China as a 'developing' nation, taking away favored nation and tax exemptions. Chinese state-owned telecom firms are developing a $500 million undersea fiber-optic internet cable network that would link Asia, the Middle East and Europe to rival a similar U.S.-backed project, four people involved in the deal told Reuters. The plan is a sign that an between Beijing... + full article



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