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Biden calls China a 'ticking time bomb' due to economic troubles (ground.news)

submitted 2 years ago by Fissionami@lemmy.ml to c/worldnews@lemmy.ml

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[-] Frog-Brawler@kbin.social 33 points 2 years ago

bad economic policies

Who cares about China anyway?

Yea the person claiming Biden has bad economic policies wants to ignore the second largest economy in the world… 😂

[-] RickyRigatoni@lemmy.ml 20 points 2 years ago

Specifically the economy we rely on as much as our own because our corporations sent all their manufacturing there.

[-] Num10ck@lemmy.world 5 points 2 years ago

the international corporations are leaving fast.

[-] RickyRigatoni@lemmy.ml 10 points 2 years ago

I hope so. Sending our industry to a foreign country that merely tolerates us will lead us nowhere but straight to hell.

[-] Blackout@kbin.social -2 points 2 years ago* (last edited 2 years ago)

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.