Donald Trump’s Trade War and other efforts against China seems to be a BIG failure….
America now has two economies with the top making money for the rich and some companies and bottom economy with record joblessness….
America also is walking into the fall and winter with the prospect of continued virus damage even if there are hard efforts NOT to shout anything down anymore ….Law makers are miles apart on ANOTHER possible stimulus/virus bill to help things…..
China has low virus infections and is charging ahead with exports that continue making their way to America….
The Chinese economy surged 4.9 percent in the July-to-September quarter compared with the same months last year, the country’s National Bureau of Statistics announced on Monday. The robust performance brings China almost back up to the roughly 6 percent pace of growth that it was reporting before the pandemic.
Many of the world’s major economies have climbed quickly out of the depths of a contraction last spring, when shutdowns caused output to fall steeply. But China is the first to report growth that significantly surpasses where it was at this time last year. The United States and other nations are expected to report a third-quarter surge too, but they are still behind or just catching up to pre-pandemic levels.
China’s lead could widen further in the months to come. It has almost no local transmission of the virus now, while the United States and Europe face another accelerating wave of cases….