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OneWorld™ Wealth ManagementLooking Ahead!Beijing; China, has already produced fast-growing tech companies, like Tencent, Baidu, LightInTheBox and, smartphone maker Xiaomi. Beijing has a great concentration of wealth and as of date sixty eight institutions of higher learning, including China’s best computer science departments. These firms have a clear understanding of the Chinese market and are able to steer through policies that have made it difficult for some U.S. firms to do business.
Wharton’s Benjamin Lockwood offers insight about how the $2.2 trillion federal stimulus package could change the economy when the United States emerges from the coronavirus pandemic.
Economic recovery in the U.S. will be slow and require continued relief beyond the current measures, according to experts at Wharton.
The Federal Reserve has shown agility and speed in its attempts to protect the U.S. economy in the wake of the pandemic, but it would do well to steer clear of a policy-making role, say experts.