The American Rescue Plan includes US$1,400 direct payments for middle-class Americans, an extension of unemployment benefits, funding for state and local governments hit hard by the coronavirus pandemic as well as money to fund the roll out of vaccines. Photo: TNS
The American Rescue Plan includes US$1,400 direct payments for middle-class Americans, an extension of unemployment benefits, funding for state and local governments hit hard by the coronavirus pandemic as well as money to fund the roll out of vaccines. Photo: TNS
US-China relations
Economy /  China Economy

American Rescue Plan: China worried about economic impact of Joe Biden’s US$1.9 trillion coronavirus bailout

  • US President Joe Biden’s US$1.9 trillion American Rescue Plan received final approval from the US Congress on Wednesday
  • It was signed into legislation on Thursday, but concerns have been raised about its potential to cause further financial market turmoil

Frank Tang
Frank Tang in Beijing

Updated: 9:00am, 24 Mar, 2021

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The American Rescue Plan includes US$1,400 direct payments for middle-class Americans, an extension of unemployment benefits, funding for state and local governments hit hard by the coronavirus pandemic as well as money to fund the roll out of vaccines. Photo: TNS
The American Rescue Plan includes US$1,400 direct payments for middle-class Americans, an extension of unemployment benefits, funding for state and local governments hit hard by the coronavirus pandemic as well as money to fund the roll out of vaccines. Photo: TNS
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