This strategy has worked well in the past and the is confident it will work again. Our task on this committee is to ensure that it does not thanks to Speaker Mccarthy we have an Excellent Group of thoughtful legislators on this committee. On both sides, well be working handinhand with our teammates on the sandy committee particularly House Foreign Affairs committee who help stage our work through the 2020 china task force. German mccaul leadership produced bipartisan proposals that we must build upon as we investigate and expose ideological technological economic, and military threat posed by the chinese commune communist party we may call this a strategic competition, but its not a polite tennis match this is a struggle over what life will look like in the 21st century. And the most fundamental freedoms are at stake. The ccp is laser focused on its vision for the future a world crowded with totalitarian states where human rights are to the whims of the party. For the tile being it is
Other reforms such as those that affect the labor, the product in the Services Market are likely to unfold positive results over the longerterm horizon. Yet they are essential to enhance productivity and innovation which in turn can be powerful antidotes to the impact of something that we cannot do anything about and that is affecting all of us beijing. Aging. We done a bit of research not so much on aging. Of the people can do that a little better that i but weve done research on Structural Reforms and weve try to flush out priorities and payoffs in the area of productivity growth Labor Participation entry. Let me take a break will put one after the other. Lets look at productivity growth. Reversing that decline in advanced economies requires lowering barriers to entry in products and Services Markets. Our research shows, for instance, that improving the allocation of labor and capital can significantly increase total factor productivity tsb as its called. Another example is the poten
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