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China passes U.S. in the fast lane
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Companies are now betting more on growth in China than growth in the U.S., as is clear from the most recent numbers on foreign direct investment. Plus, negotiations for a new round of federal COVID relief begin. And, the potential for lasting pandemic damage to community colleges with enrollment down and state budgets taking a hit.
Segments From this episode
China overtakes U.S. as top destination for new foreign direct investment in 2020
Marketplace's Nova Safo has more.
The Biden administration's new pandemic relief aspirations are getting pushback from Republicans
Still, said Julia Coronado, founder and president of MacroPolicy Perspectives, "so far, so good." "It feels like a productive negotiation. They were never going to just sign on to the $1.9 trillion, but both sides are talking and starting to get to specifics." And, we're looking ahead to the official economic growth number for the last quarter of 2020. That's out later this week. " So growth steadily weakened through Q4, so strongest in October, weaker in November, weaker still in December. And and that's that's the motivation for the stimulus package."