SOURCE / ECONOMY
By GT staff reporters Published: Apr 01, 2021 11:58 PM
US President Joe Biden delivers a speech on a $2 trillion infrastructure spending at Carpenters Pittsburgh Training Center on Wednesday in Pittsburgh. Photo: VCG
US President Joe Biden introduced on Wednesday a $2 trillion plan over eight years in a bid to create millions of jobs in the US through infrastructure investment.
Analysts said Thursday whether the plan can be implemented remains unknown, and that the infrastructure stimulus plan is a short-term potent medicine. They also noted that Chinese enterprises, with rich experience and strong ability, are willing to participate in the plan, but they may face barriers.
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Premier addresses pressure on growth, job creation at press conference
Shen Weiduo Published: Mar 11, 2021 09:45 PM
Highlights of Chinese Premier s Press Conference Infographic: Yu Tianjiao, Wu Tiantong/GT
Chinese Premier Li Keqiang on Thursday addressed a series of challenges in various areas of the country s economic and social development, including great uncertainties for growth, mounting pressure on employment and weaknesses in fundamental research, striking a sobering note over potential risks for the world s second-largest economy even as it remains on a world-leading robust recovery path.
During the wide-ranging briefing, which capped the closing of the legislative and political consultative sessions, or the two sessions, the premier was notably upfront about the challenges and specific about policy initiatives to address them.