China has denounced a US Senate bill worth about $250 billion as an example of the U.S. hyping up “the so-called China threat”, and accused Washington of attempting to hinder its development, The Guardian reports. In a rare show of unity, the Senate approved by a 68-32 margin the Innovation and Competition Act. In a 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 American hegemony, using human rights and religion as excuses to interfere in China’s domestic politics, and deprive China of its legitimate development rights.” Separately, at a daily briefing, foreign ministry spokesperson Wang Wenbin said China-related content in the bill was “full of cold war zero-sum thinking” that “distorts the facts (and) smears China’s development path and domestic and foreign policies.”