U.S. President Joe Biden’s rallying call to the richest nations to counter China’s growing global influence may end up drawing investors to the markets of America’s rival.
This month’s Group of Seven and NATO meetings in Europe saw the U.S. marshal support for increased investment to compete with China. America also urged firmer condemnation of alleged human rights abuses, in a precursor to this week’s ban on some solar products made in the Xinjiang region.
As the communiques circulated, China was busy dispatching three astronauts to help construct its space station and tapping additional resources in a sharper push for domestic innovation.