The 2024 Tsinghua Wudaokou Chief Economist Forum was held in Beijing on the 28th. Zhu Guangyao, former Vice Minister of Finance of China, pointed out while attending the forum that in order to push the manufacturing industry back to the US, the US government passed the “Chip and Science Act” and the “Inflation Reduction Act” in 2022. Among them, the “Chip and Science Act” involves $280 billion, and the “Inflation Reduction Act” involves $740 billion. Zhu Guangyao put it bluntly: “The biggest industrial subsidy in the world occurred in the US.” He also mentioned that the above law has a certain effect on the return of manufacturing to the US, but it is far from meeting America's strategic intentions. America's labor standards and skilled workers' proficiency are all limiting the achievement of these policy goals.

The 2024 Tsinghua Wudaokou Chief Economist Forum was held in Beijing on the 28th. Zhu Guangyao, former Vice Minister of Finance of China, pointed out while attending the forum that in order to push the manufacturing industry back to the US, the US government passed the “Chip and Science Act” and the “Inflation Reduction Act” in 2022. Among them, the “Chip and Science Act” involves $280 billion, and the “Inflation Reduction Act” involves $740 billion. Zhu Guangyao put it bluntly: “The biggest industrial subsidy in the world occurred in the US.” He also mentioned that the above law has a certain effect on the return of manufacturing to the US, but it is far from meeting America's strategic intentions. America's labor standards and skilled workers' proficiency are all limiting the achievement of these policy goals.