Adopting state capitalism to compete against China

News Today 12.04.2021

Coming on top of the $1.9 trillion stimulus package and $0.9 trillion approved under Trump, the US is committing $4.8 trillion or 22.9 per cent of 2020 GDP, setting the stage for Big State competition with China. Late last month, the Biden Administration unveiled a $2 trillion infrastructure programme that aims to modernize American infrastructure. The American Jobs Plan has four major spending components over the next eight years. (Read More)

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