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Biden sells infrastructure improvements as a way to counter China

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Biden sells infrastructure improvements as a way to counter China

“I really believe that 50 years from now,” he said, “historians are going to look at this moment and say, ‘This is the moment America starts winning the competition of the 21st century.

Brian Dees, director of Mr Biden’s National Economic Council, said in an interview that the legislation would increase competitiveness and productivity through various spending programs.

“This bill is going to be a game-changer for getting Americans to work,” Mr. Deez said.

He said it would allow people to gain access to economic opportunities through better public transport, roads and bridges, and high-speed internet, which he called the “lifeline of the 21st century economy”.

China’s large investment in its own infrastructure, and its threat to US dominance in new and longstanding global industries, weighed heavily on Congressional negotiations that created legislation. Mr Biden and President Donald J. Thanks to Trump, Democratic and Republican lawmakers are more attuned than ever to Chinese spending, which last year competed with China at the center of their presidential campaigns.

Government investment in infrastructure and advanced industries has been the key to China’s economic transformation from a subsistence farming, cycle and dirt roads only 40 years ago to a country of skyscrapers and bullet trains. Partly due to heavy government subsidies, the country manufactures more than half of the world’s steel and cement, most solar panels and an increasing share of electric vehicles.

China spends more than 5 percent of its GDP on infrastructure, far more than most developed countries and several times that in the United States, where federal infrastructure spending will be 1.2 percent of GDP in the coming years. Percentage is on the rise. According to the Metropolitan Policy Program at the Brookings Institution.

US officials have accused China of taking advantage of more nefarious means. Mr Biden expressed concern about China’s “unfair trade and economic policies” in his virtual meeting with Mr Xi on Monday, according to a readout of the call by the White House. Mr Biden has chosen to maintain the tariffs that Mr Trump imposed on China as retaliation against intellectual property violations and other unfair trade practices by his officials.

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