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2021-03-11 06:35:30 GMT2021-03-11 14:35:30(Beijing Time) Xinhua English
CHICAGO, March 10 (Xinhua) The recent huge amount of debt-funded stimulus on the U.S. economy is far out of proportion for the economy s need and would result in an overheating of the economy, a U.S. scholar said here in an interview with Xinhua on Wednesday. The total U.S. fiscal stimulus has surpassed the gross domestic product (GDP) of Germany, and its last stimulus alone represents nine percent of America s GDP in 2019. That is more than the U.S. economy can absorb productively, said Khairy Tourk, professor of economics with the Stuart School of Business at the Illinois Institute of Technology in Chicago.
Economist: Nation key to global supply chain--China Economic Net en.ce.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from en.ce.cn Daily Mail and Mail on Sunday newspapers.
Sharp increases in China’s retail sales volume during the Lunar New Year holiday week in February indicates that China has become a linchpin of not only the global supply chain but also global consumer spending, said a US scholar. China saw strong holiday spending nationwide, including by rural households and in tier-3 and tier-4 cities, .
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