Biden warns: infrastructure investment should be promoted as soon as possible, otherwise China will be hit hard | Anue Juheng-International Political Economy

US President Joe Biden had his first dialogue with Chinese President Xi Jinping yesterday. Many foreign media pointed out that after a two-hour telephone conversation with Xi Jinping, Biden spoke to both parties on Thursday (11th). Party members warned that if the United States does not follow up on infrastructure investment as soon as possible, it will be severely hit by China.

Biden held an infrastructure investment meeting on Thursday to express to lawmakers from both parties that the United States is lagging behind China in infrastructure investment.He said that China has invested billions in railways, automobile production and the environment.USDFunds, if the United States still stands still, it will be severely defeated by China.

The senators present at the meeting included Tom Carper, Chairman of the Senate Committee on Environment and Public Affairs, Republican Senator James Inhofe of Oklahoma, who served as chairman of the Committee, Senator Shelley Moore Capito of West Virginia, Republican, and Maryland Junior Ben Cardin, Chairman of the Corporate Committee.

White House spokesperson Jen Psaki also said that Biden is aware of the competitive threat posed by China. I think the president’s view is that we are competing with China, and he is very aware of the depth of this challenge.

White House officials revealed that Biden and senior government officials are about to advance the second legislation to develop an economic revitalization plan with infrastructure as the main axis. The White House also stated that Biden will discuss the plan with local chiefs on Friday, but declined to disclose the scale of the plan.

The White House later stated in a press release that the discussion was fruitful and all participants expressed their firm commitment to cross-party operations.