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He pointed out that China’s “federal government direction resources” dwarf the federal dollars staying invested through the U.S. CHIPS & Science Act Which it was propping up firms that might in any other case be heading from business enterprise.
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“Though periodic surpluses can take place in purely natural small business cycles, we've been concerned about structural overcapacity, which stems from persistent patterns of overinvestment which is facilitated by in depth condition help.”
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