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    This is a "high-risk game"

    This is a “high-risk game”

    A hospital in Paris was forced to cancel surgery to transfer patients due to cyberattacks

    A hospital in Paris was forced to cancel surgery to transfer patients due to cyberattacks

    Musk shouted at Bezos: If you want to dominate the space race, spend less time bathing in hot water

    Musk shouted at Bezos: If you want to dominate the space race, spend less time bathing in hot water

    How lucky are Indian children in the United States to get out of a "boarding school" alive?

    How lucky are Indian children in the United States to get out of a “boarding school” alive?

    Japanese billionaires broadcast live in space, saying the next stop is Mariana Trench

    Japanese billionaires broadcast live in space, saying the next stop is Mariana Trench

    Want to go to Mars? Solve these problems first.

    Want to go to Mars? Solve these problems first.

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    This is a "high-risk game"

    This is a “high-risk game”

    The government recruits "rat control chiefs" with high salaries in New York, USA

    The government recruits “rat control chiefs” with high salaries in New York, USA

    San Francisco "allows mechanical police to kill people" and Pandora's magic box opened

    San Francisco “allows mechanical police to kill people” and Pandora’s magic box opened

    Asia’s first star was online rioted by South Korean netizens

    Asia’s first star was online rioted by South Korean netizens

    scoring two goals in 90 seconds, Real Madrid "resurreated" in the Champions League to the finals

    scoring two goals in 90 seconds, Real Madrid “resurreated” in the Champions League to the finals

    Schedule of the 2024 Paris Olympic Games announced

    Schedule of the 2024 Paris Olympic Games announced

    Secretary-General of the Qatar World Cup Organizing Committee: Welcome to Qatar

    Secretary-General of the Qatar World Cup Organizing Committee: Welcome to Qatar

    Chinese women's football team competes in the 2022 Indian Women's Football Asian Cup

    Chinese women’s football team competes in the 2022 Indian Women’s Football Asian Cup

    Djokovic issued a statement: Extremely disappointed with the judgment of the Australian court

    Djokovic issued a statement: Extremely disappointed with the judgment of the Australian court

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    This is a "high-risk game"

    This is a “high-risk game”

    A hospital in Paris was forced to cancel surgery to transfer patients due to cyberattacks

    A hospital in Paris was forced to cancel surgery to transfer patients due to cyberattacks

    The government recruits "rat control chiefs" with high salaries in New York, USA

    The government recruits “rat control chiefs” with high salaries in New York, USA

    The United States reported 180 cases of hepatitis in children with unknown causes, spreading to 36 states and territories.

    The United States reported 180 cases of hepatitis in children with unknown causes, spreading to 36 states and territories.

    8 cases of hepatitis in children with unknown causes were found in Argentina

    8 cases of hepatitis in children with unknown causes were found in Argentina

    Students in many parts of the United States went on strike to protest against the severity of the school epidemic and asked officials to take practical measures to prevent the epidemic

    Students in many parts of the United States went on strike to protest against the severity of the school epidemic and asked officials to take practical measures to prevent the epidemic

    Belgian fighting champion dies of COVID-19: Refuses to go to hospital before death, saying that COVID-19 is just a small virus

    Belgian fighting champion dies of COVID-19: Refuses to go to hospital before death, saying that COVID-19 is just a small virus

    With the increasing number of confirmed cases of COVID-19, the Indian capital New Delhi will impose a curfew on the 27th.

    With the increasing number of confirmed cases of COVID-19, the Indian capital New Delhi will impose a curfew on the 27th.

    255 U.S. personnel have been diagnosed with a cluster infection in U.S. military camps in Okinawa Prefecture, Japan

    255 U.S. personnel have been diagnosed with a cluster infection in U.S. military camps in Okinawa Prefecture, Japan

    Israeli Prime Minister Bennett is quarantined due to his daughter's diagnosis of COVID-19

    Israeli Prime Minister Bennett is quarantined due to his daughter’s diagnosis of COVID-19

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      This is a "high-risk game"

      This is a “high-risk game”

      A hospital in Paris was forced to cancel surgery to transfer patients due to cyberattacks

      A hospital in Paris was forced to cancel surgery to transfer patients due to cyberattacks

      Musk shouted at Bezos: If you want to dominate the space race, spend less time bathing in hot water

      Musk shouted at Bezos: If you want to dominate the space race, spend less time bathing in hot water

      How lucky are Indian children in the United States to get out of a "boarding school" alive?

      How lucky are Indian children in the United States to get out of a “boarding school” alive?

      Japanese billionaires broadcast live in space, saying the next stop is Mariana Trench

      Japanese billionaires broadcast live in space, saying the next stop is Mariana Trench

      Want to go to Mars? Solve these problems first.

      Want to go to Mars? Solve these problems first.

      Trending Tags

      • Google
      • Apple
      • Microsoft
      • Xbox
      • Huawei
      • Science & Technology
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      This is a "high-risk game"

      This is a “high-risk game”

      The government recruits "rat control chiefs" with high salaries in New York, USA

      The government recruits “rat control chiefs” with high salaries in New York, USA

      San Francisco "allows mechanical police to kill people" and Pandora's magic box opened

      San Francisco “allows mechanical police to kill people” and Pandora’s magic box opened

      Asia’s first star was online rioted by South Korean netizens

      Asia’s first star was online rioted by South Korean netizens

      scoring two goals in 90 seconds, Real Madrid "resurreated" in the Champions League to the finals

      scoring two goals in 90 seconds, Real Madrid “resurreated” in the Champions League to the finals

      Schedule of the 2024 Paris Olympic Games announced

      Schedule of the 2024 Paris Olympic Games announced

      Secretary-General of the Qatar World Cup Organizing Committee: Welcome to Qatar

      Secretary-General of the Qatar World Cup Organizing Committee: Welcome to Qatar

      Chinese women's football team competes in the 2022 Indian Women's Football Asian Cup

      Chinese women’s football team competes in the 2022 Indian Women’s Football Asian Cup

      Djokovic issued a statement: Extremely disappointed with the judgment of the Australian court

      Djokovic issued a statement: Extremely disappointed with the judgment of the Australian court

    • Lifestyle
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      This is a "high-risk game"

      This is a “high-risk game”

      A hospital in Paris was forced to cancel surgery to transfer patients due to cyberattacks

      A hospital in Paris was forced to cancel surgery to transfer patients due to cyberattacks

      The government recruits "rat control chiefs" with high salaries in New York, USA

      The government recruits “rat control chiefs” with high salaries in New York, USA

      The United States reported 180 cases of hepatitis in children with unknown causes, spreading to 36 states and territories.

      The United States reported 180 cases of hepatitis in children with unknown causes, spreading to 36 states and territories.

      8 cases of hepatitis in children with unknown causes were found in Argentina

      8 cases of hepatitis in children with unknown causes were found in Argentina

      Students in many parts of the United States went on strike to protest against the severity of the school epidemic and asked officials to take practical measures to prevent the epidemic

      Students in many parts of the United States went on strike to protest against the severity of the school epidemic and asked officials to take practical measures to prevent the epidemic

      Belgian fighting champion dies of COVID-19: Refuses to go to hospital before death, saying that COVID-19 is just a small virus

      Belgian fighting champion dies of COVID-19: Refuses to go to hospital before death, saying that COVID-19 is just a small virus

      With the increasing number of confirmed cases of COVID-19, the Indian capital New Delhi will impose a curfew on the 27th.

      With the increasing number of confirmed cases of COVID-19, the Indian capital New Delhi will impose a curfew on the 27th.

      255 U.S. personnel have been diagnosed with a cluster infection in U.S. military camps in Okinawa Prefecture, Japan

      255 U.S. personnel have been diagnosed with a cluster infection in U.S. military camps in Okinawa Prefecture, Japan

      Israeli Prime Minister Bennett is quarantined due to his daughter's diagnosis of COVID-19

      Israeli Prime Minister Bennett is quarantined due to his daughter’s diagnosis of COVID-19

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      Out of the economic quagmire, the United States needs to rely on the world

      January 30, 2021
      in Business
      0
      Fund burst, the giant company lost more than About $1B! The share price has plummeted! Crude oil falls, gold rises!

      △ A new study by the University of Southern California found that the impact of the novel coronavirus on the U.S. economy in the next two years is as high as 3 trillion to $5 trillion.

      The Bureau of Economic Analysis of the U.S. Department of Commerce recently released data that the annual GDP of the United States will shrink by 3.5% in 2020. This is more than the impact of the 2009 financial crisis on the U.S. economy. With the exception of government spending and the real estate market, almost all economic areas have experienced recession.

      Consumer spending, which accounts for more than two-thirds of GDP, fell 3.9%, a record since 1932. Unemployment rates reached a staggering 14.7% in April and then began to fall, but by December it still reached 6.7%. The coronavirus pandemic has cost the U.S. economy 9 million jobs, with an average unemployment rate of 8.1%.

      An important reason for the U.S. economy to fall into the current situation is the policies of the previous government. Trump spent a lot of time competing with the outside world and “blaming the pot”, delaying larger-scale investment in medical care, education, scientific research and reform of the domestic distribution system. The result was four years of shouting the slogan “Make America Great Again”, leaving office with a poverty rate growth rate breaking the record of more than 50 years.

      In the second half of 2020, the number of poor people increased by 8 million, and the society was highly divided and confrontational. When he ran for president in 2016, Trump promised to drastically reduce the trade deficit after being elected, but by the end of his term, the U.S. trade deficit was $645.2 billion, an increase of $142.9 billion over 2016.

      Now Biden is expected to rectify his predecessor’s policies, but it is still unknown whether the new government can push the U.S. economy out of the quagmire of the coronavirus crisis as soon as possible. The Biden administration must race against the spread of the epidemic and the mutation of the virus, but when he took over the White House, he found that the data left by his predecessor were incomplete and the research and development and production of domestic vaccines were seriously lagging behind.

      Biden has proposed a huge economic stimulus plan, but it is still doubtful whether it can be launched as soon as possible. Although Democrats took both the House of Congress, they did not have strong control over the Senate.” Long debates” may still hinder relevant legislation. Biden’s final stimulus plan may shrink in size and delay.

      On February 8, the Senate will start the impeachment debate against Trump. Judging from the time taken of the three presidential impeachments in history, the shortest is the first impeachment against Trump, which took 49 days, and the longest impeachment against President Andrew Jackson, which took 91 days. Biden’s plan will be “disconned” by the impeachment bill, and may not finally be approved by Congress until April. The U.S. economy, which has not been waiting for the stimulus plan to be implemented, may experience large fluctuations in the stock and bond markets.

      In order to push the U.S. economy out of the crisis as soon as possible, in addition to continuing to seek congressional approval for the economic stimulus plan, an important way for the Biden administration is to rehabilitate relations with the international community, including China, work together to fight the epidemic, reduce barriers to international trade and investment, and continue to promote globalization.

      According to a study jointly released by the National Committee on Trade between the United States and China and the Oxford Institute of Economics, the U.S. export industry to China has provided 1.2 million jobs to the U.S. market. Just one initiative to phase out the tariff policy and promote the development of bilateral trade will bring 145,000 to the United States in the next five years. Employment position. In the next 10 years, China’s development will drive one-third of global economic growth, and China will become an important engine of the world economy.

      Therefore, if Sino-US economic and trade cooperation can be strengthened, it is not only a rational and realistic option for the Biden administration to revitalize the U.S. economy in the short term, but also a way to promote common prosperity.

      Tags: ChinaEconomyUnited States

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