Restaurants the ones that are open still require it. many of them not even open yet. they re just doing takeout. so you get this kind of discombobulation. other cities are doing other things. nonetheless, i think eventually we ll see the evolving of good-bye zero covid and long live the economy. the message we re getting now is, okay, folks, our economy is in bad shape and we need to focus on getting it back on track. i i have about 30 seconds left, but i have to ask you. people think this is a race to the mrna vaccine, the chinese are creating their own mrna vaccine. once they have it, they ll vaccinate the whole population and china will be back. does that strike you as plausible? i think some people would hope that that could happen.
Laid out the administration s strategy to counter china. madam secretary, thank you for coming on the program. thank you. good morning. when you we hear a lot about china these days, and some of it is about the way in which china is outcompeting the united states, but a lot increasingly is about china s weakness. the economic growth is slowing down, the zero covid policy is turning out to be a disaster. they have demographic problems. they seem to be turning on their own tech sector. so when you look at china, are you struck most by china s strength or by its weakness? well, when i think about it i think about what america has to do, and the speech that i gave was, you know, a proactive, offensive, comprehensive, economic competitiveness strategy on behalf of the united states. as you know for me, for some
Restrictive zero covid policy. apartment buildings, apartment blocs, even whole cities have been locked down for weeks, sometimes months. and at times during the pandemic vast swaths of china have been locked down all at once, all in the name of stopping the spread of the disease. so there is anger and it is now out on the streets. i want to bring in my former colleague, melinda lou. we worked together at newsweek many moons ago and she s the outlet s beijing bureau chief. welcome. first, what can you tell us as far as the latest? does it seem these protests are dying down because a mixture of oppression and i have to say some easing of the zero covid policy? hi, fareed. and thanks for having me on. i think for the moment the streets seem to be quiet or at least according to what i know. but let s face it, this is a big country, a lot of people. 1.3 billion people. and there s really no
They can help you get started with your idea. call now 800-710-0020. united states is seeing stiff competition from china to be the most powerful country in the world. in response the biden administration taken significant steps to maintain a hi-tech edge over china. the commerce department has imposed export restrictions to block china from getting the most advanced microchip technologies. and the chips and science act passed this summer allocates tens of billions of dollars to bolster chip production. the commerce department is also overseeing that program. joining me now is the woman who leaves the commerce department, gina raimondo. she gave a speech at m.i.t. that
What it s designed to do is protect american technology from getting into the hands of the chinese military and the chinese government who wants our most sophisticated technology to advance their military. a lot of investors have soured on china over the last few years, because of the feeling that xi is privileging the state over market. he has an industrial policy he calls made in china. and at the same time it does seems to me, at the same time the biden administration is sort of taking a page out of xi s playbook with our own industrial policy. what i m wondering is is that the right approach? you know, for example, you re showering money on a company like intel, which has failed to compete with tsmc in making the world s highest quality chips. as a result of that they re getting massive federal subsidies. is that rewarding failure?