China wakes, US builds, woke wanes and tariffs tally
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China is waking up to economic realities; Xi Jinping's government is implementing significant stimulus measures, including a record interest rate cut and potential capital injection of up to 1 trillion yuan (US$142 billion) into state banks; US industrial policy is shifting towards supporting domestic manufacturing, with TSMC's Arizona plant producing advanced chips for Apple ahead of schedule; Biden's administration is tightening tariffs on Chinese imports, while Trump advocates for more tariffs; wokeness is declining in the US, with discussions peaking in 2021-22 and now receding; dockworkers threaten a strike on October 1, 2024, against automation at US ports, which could disrupt the economy.

#China #Us #Economy #Wokeness #Tariffs #IndustrialPolicy #Stimulus #Labor #Automation #Politics

https://asiatimes.com/2024/09/china-wakes-us-builds-woke-wanes-and-tariffs-tally/