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He pointed out that China’s “federal government advice cash” dwarf the federal money staying invested through the U.S. CHIPS & Science Act Which it absolutely was propping up firms that would in any other case be heading away from enterprise.
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Liu Pengyu, the spokesman with the Chinese embassy in Washington, explained which the Idea of Chinese overcapacity was “a groundless accusation” and “a political Instrument used by the U.S. to discredit and suppress the Chinese overall economy.”
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