China’s generous local subsidies have helped it dominate high-tech industries such as electric vehicles and solar panels. But they’ve also helped fuel an oversupply of the same goods and a vicious price war. This new phenomenon of “involution” is damaging the country’s economy, as The Economist’s China economics editor, Simon Cox, explains. Find out what China’s government could do to turn things around: https://econ.st/4hJYNtg | The Economist
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The meeting comes after a Democratic plan sought an agreement on reopening the government with extended ACA subsidies for a year. Graham calls the current plan 'unsustainable', and a new healthcare plan will be discussed only when the government reopens. | WPDE ABC15
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