tirsdag 6. april 2021

Eating our lunch: Biden points to China in development push


Pushing for trillions of dollars in development spending, President Joe Biden and Democratic lawmakers are directing Americans’ eyes to the rear-view mirror, pointing to a booming, ambitious China they say is threatening to quickly overtake the United States in global clout and capacity.

It’s a national security pitch for a domestic spending program: that the $2 trillion proposal for investments in U.S. transport and energy, manufacturing, internet and other sectors will make the United States more competitive in the face of Chinese President Xi Jinping’s massive infrastructure-building campaign.The argument is that competition today with China is more about economic and technological gains than arms — and its outcome will impact the United States’ financial growth and influence, its ability to defend U.S. security alliances and interests abroad, and the daily lives of Americans.

China under Xi has “an overall goal to become the leading country in the world, the wealthiest country in the world, and the most powerful country in the world,” Biden said before launching his proposal last week. “That’s not going to happen on my watch because the United States are going to continue to grow and expand.”