Australian ambassador: 'American model is proving its resilience' despite threat from Chinese industrial policy

China may be outspending the US when it comes to industrial policy in sectors like electric vehicles and semiconductors, but America is winning on innovation where it

“If you look at the scale of the Chinese industrial funds, what they called industrial guidance funds, they're of an order of magnitude which would make the CHIPS and Science Act and the IRA look like a walk in the park by comparison,” Rudd said, referring to Chinese spending over the last decade. “The question, of course, is the efficient use of capital. And for Chinese industrial policy, that's not been a prime concern.

The strategic competition between the US and China has fueled other countries to enact their own policies to invest in critical technologies. “What we know from experience is that … when one country introduces a restrictive measure, the country this measure is directed at would reciprocate,” Georgieva said. “So we are on this slippery slope.”Donald Trump attacked his hush money trial prosecutor and judge at a New Jersey rally. He claimed he was being indicted on "bullshit" charges.

EDMONTON — The second official Alberta NDP leadership debate saw five candidates eagerly agreeing with each other, until Naheed Nenshi was forced to defend against more attacks on his record as the mayor of Calgary. Alberta Federation of Labour President Gil McGowan, who is among the candidates vying for the helm of Rachel Notley's Opposition party, asked why the former mayor signed a letter in 2019 asking the United Conservative Government to sidestep union agreements.

Source: Car News Wire (carnewswire.net)

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