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Anjani Trivedi

Biden’s Infrastructure Bill Will Lift Up China Inc.

Chinese companies that are already an integral part of the U.S. supply chain are set to get a boost — just when they need it most.

For China’s industrial machinery makers, Biden’s gift couldn’t have come sooner. — For China’s industrial machinery makers, Biden’s gift couldn’t have come sooner.
Photographer: Feature China/Barcroft Media via Getty Images

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November 10, 2021, 10:30 PM UTC

Beijing’s real estate crackdown has sent shudders well beyond the sector. But U.S. President Joe Biden may have China Inc. covered.

President Xi Jinping’s efforts to rein in property giants has left industrial companies in the lurch. Real estate accounts for a quarter of China’s economy and a big chunk of the global construction business. No one’s going to be taking on building projects anytime soon amid curtailed credit, business and investment activity.