• Latest
  • Trending
All you need to know about 46th President of the United States of America

Biden warns China will ‘eat our lunch’ on infrastructure spending

February 12, 2021
Kufuor Questions Snub at Key National Council Meeting

Kufuor Questions snub at Key National Council Meeting

July 13, 2025
NPP plans legal action over Ablekuma North re-run defeat

NPP plans legal action over Ablekuma North re-run defeat

July 13, 2025
GES sets September 2 as start date for 2025/2026 basic school academic year

GES sets September 2 as start date for 2025/2026 basic school academic year

July 13, 2025
New Governing Board and CEO inaugurated for National Ambulance Service

New Governing Board and CEO inaugurated for National Ambulance Service

July 13, 2025
Presidency to launch the Government Accountability Series on Monday

Presidency to launch the Government Accountability Series on Monday

July 13, 2025
Oil funds for 'Big Push' will be efficiently used - Prez Mahama to PIAC.

Oil funds for ‘Big Push’ will be efficiently used – Prez Mahama to PIAC

July 13, 2025
Finance Minister to present 2024 Mid-Year Budget Review on July 24

Finance Minister to present 2024 Mid-Year Budget Review on July 24

July 13, 2025
Peace Council speaks on Ablekuma North election violence

Peace Council speaks on Ablekuma North election violence

July 13, 2025
Veep inaugurates entrance University of Health Sciences

Veep inaugurates entrance University of Health Sciences

July 13, 2025
Ghanaian sports journalist Joseph Adamafio becomes licensed FIFA football agent

Ghanaian sports journalist Joseph Adamafio becomes licensed FIFA football agent

July 12, 2025
BREAKING: Ewurabena Aubynn declared MP elect of Ablekuma-North constituency

BREAKING: Ewurabena Aubynn declared MP elect of Ablekuma-North constituency

July 11, 2025
President Mahama directs GSA, Finance, and Transport Ministries to resolve freight forwarders’ challenges and restore order at the ports

President Mahama directs GSA, Finance, and Transport Ministries to resolve freight forwarders’ challenges and restore order at the ports

July 11, 2025
Happy Ghana
No Result
View All Result
  • Home
  • News
  • Sports
    • International Sports
    • Afcon2017
    • Afcon2019
    • Corporate Knockout
    • U17 World Cup
    • World Cup 2018
  • Entertainment
  • Business
  • Bizarre
  • Feature
  • More
    • Technology
    • Opinion
    • Lifestyle
  • Listen Live
  • Home
  • News
  • Sports
    • International Sports
    • Afcon2017
    • Afcon2019
    • Corporate Knockout
    • U17 World Cup
    • World Cup 2018
  • Entertainment
  • Business
  • Bizarre
  • Feature
  • More
    • Technology
    • Opinion
    • Lifestyle
  • Listen Live
No Result
View All Result
Happy Ghana
No Result
View All Result
Home Business

Biden warns China will ‘eat our lunch’ on infrastructure spending

in Business
All you need to know about 46th President of the United States of America
Share on FacebookShare on TwitterShare on Whatsapp

US President Joe Biden has warned that China will “eat our lunch” if America doesn’t “step up” its infrastructure spending.

Mr Biden was speaking on Thursday with a group of senators about the need to upgrade infrastructure in the US.

His warning comes the day after his first phone call with Chinese President Xi Jinping.

On the call, Mr Xi took a hard line on human rights saying a confrontation would be a disaster for both countries.

Mr Biden made the comments after meeting with members of the Environment and Public Works committee.

“If we don’t get moving, they are going to eat our lunch,” President Biden told senators.

“They’re investing billions of dollars dealing with a whole range of issues that relate to transportation, the environment and a whole range of other things. We just have to step up.”

During the campaign, Mr Biden proposed spending $2tn (£1.45tn) over four years to create jobs and invest in clean energy infrastructure.

A widely cited American Society of Civil Engineers (ASCE) “report card” from 2017 gave the country’s infrastructure a grade of “D+”.

The ASCE estimated that the total “infrastructure gap” needed $2tn by 2025 to fix, but would cost the economy twice as much if it went unaddressed.

The World Economic Forum’s 2019 Global Competitiveness Report ranked the US 13th in a broad measure of infrastructure quality, down from fifth place in 2002.https://emp.bbc.com/emp/SMPj/2.39.18/iframe.htmlmedia captionExpect ‘extreme competition’ between US and China

China has been investing heavily in its infrastructure, pouring money into high-speed rail, metro systems, apartment buildings, electricity grids and mobile networks.

“They have a major, major new initiative on rail and they already have rail that goes 225 miles an hour with ease,” Mr Biden noted.

Human rights and diplomacy

President Biden also discussed several other points of friction with the Chinese President during his call.

The White House said he voiced “fundamental” concerns about Beijing’s “coercive and unfair” trade practices, as well as concerns over China’s crackdown in Hong Kong and treatment of Muslims in Xinjiang.

He also raised China’s increasingly assertive posture toward Taiwan and the country’s lack of transparency over Covid-19, said White House spokeswoman Jen Psaki.

Mr Xi maintained a hard line on Hong Kong, Xinjiang and Taiwan, calling them matters of “sovereignty and territorial integrity”.

He told Mr Biden confrontation would be a “disaster” and the two sides should re-establish the means to avoid misjudgements, China’s foreign ministry said.

Source: BBC

Subscribe to receive notification everytime a new post is published. We promise to be discrete.

Unsubscribe
Previous Post

KPMG boss Bill Michael quits after ‘stop moaning’ row

Next Post

Shell in Nigeria: Polluted communities ‘can sue in English courts’

Next Post
Shell in Nigeria: Polluted communities ‘can sue in English courts’

Shell in Nigeria: Polluted communities 'can sue in English courts'

Search

No Result
View All Result

Listen Live

BBC Match of the Day Africa

Happy Ghana

Recent News

  • Kufuor Questions snub at Key National Council Meeting
  • NPP plans legal action over Ablekuma North re-run defeat
  • GES sets September 2 as start date for 2025/2026 basic school academic year
  • About
  • advertise
  • Privacy Policy
  • Contact Us

© 2025 Happy FM – Powered by Ghana’s leading radio network. Designed with passion by Global Media Alliance.

No Result
View All Result
  • Home
  • News
  • Sports
    • International Sports
    • Afcon2017
    • Afcon2019
    • Corporate Knockout
    • U17 World Cup
    • World Cup 2018
  • Entertainment
  • Business
  • Bizarre
  • Feature
  • More
    • Technology
    • Opinion
    • Lifestyle
  • Listen Live

© 2025 Happy FM – Powered by Ghana’s leading radio network. Designed with passion by Global Media Alliance.