[Biden said that "the US economic growth rate exceeded China for the first time in 20 years"] US President Biden issued a statement on the 27th that the GDP data of the first year of taking office shows that the United States has achieved the fastest economic growth in the past 40 years. Moreover, for the first time in 20 years, the United States has outpaced China's economic growth rate and is also the fastest job growth in the History of the United States. Biden said he signed an executive order as soon as he took office to revitalize U.S. manufacturing and make supply chains more resilient to disruptors, including pandemics or cyberattacks. He also stressed the need to increase investment to enhance the competitiveness of the United States in scientific and technological innovation. He said the U.S. can achieve rapid economic growth because his economic strategy has created good jobs for Americans, rebuilt manufacturing, and strengthened domestic supply chains to help American companies become more competitive. Americans can now find better jobs, higher salaries and better benefits, and layoffs are near historic lows. Biden urged Congress to pass legislation to maintain that momentum and make the United States more competitive. (Phoenix TV Ye Lihong comprehensive report)
