There are also 4X as many people in China, little domestically available oil, and their government supports domestic manufacturing. This is an expected result.
It’s OK to celebrate small wins. The US doesn’t have to be #1 in everything. We also seem to have a curious diseconomy of scale on mega infrastructure projects for complex reasons, so maybe slow growth is the right approach.
There are also 4X as many people in China, little domestically available oil, and their government supports domestic manufacturing. This is an expected result.
It’s OK to celebrate small wins. The US doesn’t have to be #1 in everything. We also seem to have a curious diseconomy of scale on mega infrastructure projects for complex reasons, so maybe slow growth is the right approach.