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China lab suspected of Covid leak stripped of US funding for violating biosafety rules
(www.telegraph.co.uk)
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The US funds research on a variety of subjects around the world, many of them only being possible to be researched locally because they are on local diseases and pathogens.
Less regulations, it's easier to do "funny stuff" like gain of function research (frankly a euphemism for biological warfare research) in China than in the US. And it's not like the US is just funding the biolab, they have people on site and oversight as well.