this post was submitted on 14 Apr 2024

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37

US Set to Ring Alarm Bells Over Chinese Industry on World Stage (www.bloomberg.com)

submitted 7 months ago by yogthos@lemmy.ml to c/worldnews@lemmy.ml

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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

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[–] exanime@lemmy.today 6 points 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)