US President Joe Biden said it was time to boost the US economy to the lower and middle levels. He stressed that the United States is competing with China and other countries to advance in the 21st century.
In his first speech at a joint session of the US Congress on Wednesday night, President Biden cited the International Monetary Fund, saying that the US economy will grow faster than six percent this year. “This rate is the fastest growing pace in the country over the past four decades,” he said.
Addressing the country’s residents, Biden said, “My countrymen have never worked above and beyond. The economy that is slowly gaining from the top is now the time to grow the economy from the low to the middle.”
In the first 100 days of taking office, he said, he had already suffered the most dangerous epidemic of the century and the worst economic crisis of the decade, and now America is on its way again. The president said, “Over the course of his 100-day tenure in the economy, over 13 lakh jobs have been created.
America is now moving forward and now we cannot stop. We are in competition with China and other countries to win the 21st century.
In this case, Biden appealed to the nation to buy American products to support the domestic economy. The American economy is changing fast enough. He said that the lives of the American people may collapse them, but the people in America never go down, they always stand and move, and the American people are doing it today.
The relationship between the US and China is currently very low. These two largest economies of the world are currently embroiled in different things. This includes business related matters.
Earlier this month, amid a growing confrontation between the US and China over technology and security, the Biden administration blacklisted seven Chinese supercomputer research schools and manufacturers of US exports.
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