US Faces Economic and Technological Challenges Amid Global Competition

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Source: The New York Times
US Faces Economic and Technological Challenges Amid Global Competition
Photo: The New York Times
TL;DR Summary

China has largely remained silent on the US's recent $3.4 trillion debt-increasing bill, possibly to avoid jeopardizing its fragile trade truce with the US and because it is reducing its holdings of US debt, focusing instead on strengthening its own economic influence and reducing reliance on the dollar.

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