Biden is starting mega infrastructure bet with US far behind China ...Qatar

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Biden is starting mega infrastructure bet with US far behind China
source : Gulf Times ( Qatar ) () 8
President Joe Biden is betting that a multitrillion-dollar economic plan centred around infrastructure spending will do more than bolster an American economy hammered by the coronavirus pandemic: It will ensure his country’s competitiveness against China for decades to come. “If we don’t get moving, they’re going to eat our lunch,” Biden told lawmakers in a pitch for his proposal shortly after his call last month with Chinese President Xi Jinping. “We just have to step up.” Biden’s advisers will present him this week with a detailed proposal for a plan whose cost could touch $3tn, according to three people familiar with the deliberations. Infrastructure and climate change have long been des

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