China-US relations: Biden’s jobs plan proves great economies think alike in a crisis

Apr 3, 2021 | INVESTING

When the Biden administration unveiled a US$2.3 trillion infrastructure plan on Wednesday, some economists could hardly ignore its similarities with China’s economic stimulus therapy. According to the American Jobs Plan announced by United States President Joe Biden, the US will fix the nation’s ageing roads and waterways, expand broadband internet access and invest in green-energy initiatives such as electric vehicles over eight years. The plan, subject to Congress approval, would be financed…

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