国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Global EditionASIA 中文雙語Fran?ais
Opinion
Home / Opinion / Opinion Line

Pointing to infrastructure 'gap' a political stunt

By LI YANG | China Daily | Updated: 2023-08-01 07:57
Share
Share - WeChat
US President Joe Biden speaks about his economic plan "Bidenomics" at the Philly Shipyard, in Philadelphia, Pennsylvania, on July 20, 2023. [Photo/Agencies]

In the speech he delivered at Auburn Manufacturing Inc, a maker of fire-resistant textiles and fabrics in Mechanic Falls, Maine, on Friday, US President Joe Biden touted his economic policies and defended his signing of an executive order intended to boost domestic manufacturing and infrastructure.

Biden refuted the Republicans' allegation that the inflation inflicting the US economy is attributable to the administration's rigid and shortsighted economic policies, holding the aftereffects of the COVID-19 pandemic, the Ukraine crisis and the global downward economic pressure accountable for them.

It was against that backdrop that Biden in his Friday speech compared the US' infrastructure construction with that of China, claiming the US lags behind China in such fields as roads, bridges, airports and high-speed railways, raising a question to his audience: How can the US lead the world that way?

This is not the first time Biden has portrayed the US as lagging behind China to defend his administration's grand spending policies on infrastructure, with the insinuation between the lines that it is China's advantages over the US that make it a threat.

It has also been part of his administration's foreign policy to try and persuade the US' allies to counter China's influence in infrastructure construction worldwide. But that endeavor has so far made little headway as the US as well as its allies have not been willing to foot the bill for building infrastructure in the less-developed countries.

In fact, the so-called infrastructure gap between China and the US is a false proposition.

The two economies are in different development stages and have different comparative advantages — technology and innovation on the part of the US, scale and efficiency on the part of China. Their complementarity should be the foundation for win-win cooperation.

The US, as the economy at the top of the global value and supply chains, also benefits indirectly, but tremendously, from China's strong infrastructure construction capacity that has helped improve the foundation for the economic takeoff of many less-developed countries.

Most Viewed in 24 Hours
Top
BACK TO THE TOP
English
Copyright 1994 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
扶绥县| 冕宁县| 多伦县| 泉州市| 安阳市| 永泰县| 常熟市| 姜堰市| 满洲里市| 旅游| 体育| 五华县| 远安县| 绥化市| 中宁县| 渭南市| 高密市| 白城市| 托克逊县| 清新县| 东辽县| 凤翔县| 商水县| 肃宁县| 旺苍县| 福清市| 岐山县| 岱山县| 会东县| 六安市| 民丰县| 含山县| 长宁县| 太仆寺旗| 永德县| 宝清县| 安西县| 孙吴县| 达州市| 伊金霍洛旗| 碌曲县|