Blinken urges investment at home to compete with China

US Secretary of State Antony Blinken, seen speaking on August 2, 2021, has called for more investment at home

Blinken toured an engineering laboratory at the University of Maryland on the outskirts of Washington where noisy 3D printers churned out prototypes for new products. Blinken cited a World Economic Forum study that the United States ranks 13th in infrastructure and said that China was spending three times as much and also investing more in research and development.

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Wall Street investment banks cut China forecastsLONDON : Wall Street banks Goldman Sachs, JPMorgan and Morgan Stanley all cut their China growth forecasts on Monday after the country reported lower than expected import and export numbers and on concerns that the resurgent coronavirus would crimp economic activity.JPMorgan reduced its quarter-on-quarter
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