US President Joe Biden assured This Saturday during a press conference that the bill of infrastructure of a trillion dollars previously approved by the House of Representatives will help Washington to “win the economic competition” that it faces with China.
The Democratic president commented that this plan is “a one-time investment in a generation that will create millions of jobs by modernizing infrastructure […] to turn the climate crisis into an opportunity. “” And puts us on the path to winning the economic competition of the 21st century that we face with China and other large countries and the rest of the world, “Biden said.
In an inflationary context, Biden assured that this project will alleviate the pressure of inflation “by reducing costs for working families.” In addition, he affirmed that it will create thousands of jobs that will not require a university degree for all those who “feel abandoned and forgotten in an economy that is changing so rapidly.”
Biden hinted that expects to sign this law in a formal ceremony soon along with Democrats and Republicans.
This infrastructure bill, which includes an investment of 1.2 trillion dollars, was approved this Friday by the House of Representatives after a favorable vote of 228 to 206 votes. In mid-August the US Senate had already approved this initiative. However, its approval was delayed in the House of Representatives due to months of discussion between members of the Democratic Party.
“China seeks cooperation, not competition”
In January, the spokesman for the Chinese Ministry of Foreign Affairs, Zhao Lijian, assured that his country seeks cooperation and not competition with the US “As two important countries, China and the US have broad common interests and assume special and important responsibilities in safeguarding world peace and stability,” the spokesperson said. He added that “both countries can win with cooperation and lose with confrontation.”Cooperation is the only right option for both of you“, said.
Accordingly, the Chinese president, Xi Jinping, had stressed the previous month before the UN the importance in today’s world of “choosing cooperation instead of confrontation, openness instead of isolation and mutual benefit instead of zero-sum games. “
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