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Economics

A $60 Billion U.S. Stimulus Windfall Is Heading China’s Way

Rise in U.S. spending will boost Chinese exports, GDP
Trade boom could add to inflation pressure, U.S. tensions

Bloomberg business news — Biden Says China Won't Become Most Powerful on His Watch

By

Tom Hancock and

March 24, 2021, 9:00 PM UTCUpdated onMarch 25, 2021, 8:06 AM UTC

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David Ni is expecting a great year for his Chinese car-wheels business, thanks to the $1.9 trillion boost President Joe Biden just gave to the U.S. economy.