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Biden’s new stimulus plan is all about infrastructure, and China has lessons to share

Summary:
[unable to retrieve full-text content]US President Joe Biden is betting that his US.25 trillion economic stimulus plan centred on infrastructure spending will boost the coronavirus-hit American economy and put it in a better position to compete with China.In a sense, Biden is taking a page out of China’s economic playbook. Beijing has used strong investment in infrastructure to boost economic growth, create jobs and lay the foundation for the country’s overall development in the last four decades.But when it comes to repairing…

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[unable to retrieve full-text content]
US President Joe Biden is betting that his US$2.25 trillion economic stimulus plan centred on infrastructure spending will boost the coronavirus-hit American economy and put it in a better position to compete with China.In a sense, Biden is taking a page out of China’s economic playbook. Beijing has used strong investment in infrastructure to boost economic growth, create jobs and lay the foundation for the country’s overall development in the last four decades.But when it comes to repairing…

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