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All Eyes on Economic Growth as US, China Race Heats up – WSJ

In June, President Joe Biden twice said US gross domestic product growth this year would overtake China’s for the first time since 1976

Chinese tech entrepreneurs say they're looking to base their companies abroad amid concern over CCP policies and trade rivalry with the US.
Chinese tech entrepreneurs are trying to gain permanent residency or citizenship elsewhere, with most exploring options such as Hong Kong, Canada, Japan, the US and Singapore. File photo: Reuters.


The focus of US-China great power rivalry is squarely on the pace of growth of both economies, the Wall Street Journal reported.

In June, President Joe Biden said the US would beat China on the economic growth front for the first time since 1976 despite inflation and a looming recession, even as President Xi Jinping vowed to ensure Beijing stays ahead in a year he is looking to stay in power for a third term, the report added.

Read the full report: The Wall Street Journal.





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Sean O'Meara

Sean O'Meara is an Editor at Asia Financial. He has been a newspaper man for more than 30 years, working at local, regional and national titles in the UK as a writer, sub-editor, page designer and print editor. A football, cricket and rugby fan, he has a particular interest in sports finance.


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