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France 24

Business

Bryan QUINN

US, China face off on economy amid deepening tensions

United States China Joe Biden Asia Beijing California Europe

BUSINESS DAILY © FRANCE 24

US President Joe Biden unveils a $6.8 trillion budget proposal with key provisions aimed at boosting American competitiveness against China, while Beijing rails against economic containment and suppression. Plus, a sell-off in US bank shares sparked by a run on a small California lender spreads to Asia and Europe as markets tumble.

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