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What President Joe Biden touted as a historic U.S. federal investment program that will position the country to win the global innovation race still leaves it well behind China’s continuing, giant infrastructure upgrading campaign.
While the top-line for Biden’s American Jobs Plan is $2.25 trillion, China’s government and private companies pour the equivalent of trillions of dollars each year into new infrastructure ranging from transport to communications networks, water projects to manufacturing.
If spread evenly over the eight-year time frame, Biden’s plan would be a
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