U.S. President Joe Biden on Thursday called China a "ticking time bomb" because of its economic challenges and said the country was in trouble because of weak growth.
not really, the pandemic boom is over so a lot of manufacturing contraction is happening right now. Product inventories are high and personal debt is also at a high. If the economy took a 180 and boomed again all those chinese factories would be at capacity with US orders. Still no replacement for China yet. Vietnam and India are not there.
He’s gotta find someone to blame when the next recession starts.
He can blame himself and his bad economic policies. Pretty simple. Who cares about China anyway?
Yea the person claiming Biden has bad economic policies wants to ignore the second largest economy in the world… 😂
Specifically the economy we rely on as much as our own because our corporations sent all their manufacturing there.
the international corporations are leaving fast.
I hope so. Sending our industry to a foreign country that merely tolerates us will lead us nowhere but straight to hell.
not really, the pandemic boom is over so a lot of manufacturing contraction is happening right now. Product inventories are high and personal debt is also at a high. If the economy took a 180 and boomed again all those chinese factories would be at capacity with US orders. Still no replacement for China yet. Vietnam and India are not there.
Don’t worry, they won’t be outsourcing any more once they bring back child labour… Wish I could add a /s