On the ground, the boom is discernible. During a recent visit to Georgia in the southern US, I witnessed the astounding rate at which farms and forests are being converted into industrial. What I have witnessed in the US over the past year is only comparable to what I observed in China in the mid-2000s, a span of 20 years of international reporting.
The economic policies of US President Joe Biden are altering the face of the nation.
The figures illustrate the scope: monthly investments in factory construction have more than tripled to about $20 billion (£16 billion) since February 2021, shortly after his appointment.
It’s no accident that China is being compared. Mr. Biden is investing enormous sums of money to re-locate semiconductor and green industry manufacturing from China to the United States.
