US Treasury Secretary Janet Yellen warned China’s leaders that the nation’s manufacturing power is a threat to global economic stability. Next week Washington has a chance to rally more countries to its cause.

Funny how we went from talking about China collapsing economically to all of a sudden being a major economic threat for the US.

https://archive.ph/XKq7L

  • exanime@lemmy.today
    6·
    7 months ago

    And the thing is that the USA could have reinvested some of the profit (when China was cheap) to advance new industries and tech. Instead, they just padded the bank accounts and are now in a position where they are not competitive anymore (“as” competitive)