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Tue, 20 Apr 2021 22:18   Jodi Xu Klein

How a sweeping US infrastructure plan might spur financial havoc in China

As the Biden administration pushes its proposed US$2 trillion domestic infrastructure programme forward, it is sparking debate about the programme’s potential to wreak havoc in emerging markets. If passed, the total amount of extra capital pumped into the US economy in relief and recovery packages since March 2020 – at the onset of the Covid-19 pandemic – would swell to US$7.2 trillion, the largest such capital infusion since World War II. Policy watchers agree that the new plan would help…

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