A new report from Bank of America has revealed that China vastly outspent the US in renewable energy technology while becoming a monopolist in much-needed rare-earth materials that are often required to build clean energy systems.
For years, the US and China have waged war over technology, trade, and capital markets. Tensions between the world’s leading economies reached a fever pitch during former president Trump’s term in office, leading to escalating tariffs and trade restrictions.
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